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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory

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From: Paul Kern	9/20/2007 9:29:31 AM
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Canada Dlr Hits Parity With US Dollar For 1st Time In 31 Yrs Last update: 9/20/2007 9:20:36 AM TORONTO (Dow Jones)--The Canadian dollar has reached parity with its U.S. counterpart for the first time since November 1976. The U.S. dollar briefly dipped to the C$1.0000 level around 9:11 a.m. EDT (1311 GMT), according to EBS, before rebounding modestly to its current C$1.0010 level. The U.S. dollar has been under broadly based pressure Thursday morning, accentuating its sharp downtrend against the Canadian unit in recent trading. (MORE TO FOLLOW) Dow Jones Newswires September 20, 2007 09:20 ET (13:20 GMT)

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