Loonie tunes into US dollar parity
"The expectation is that fresh highs are likely to be driven by demand for commodity-linked currencies," said Hubert de Lambilly, deputy global head of foreign exchange and FX hybrid trading at BNP Paribas in London.
Last Tuesday, the Canadian dollar surged to a high of C$0.9991 versus the greenback, taking its gains to more than 24% over the past 12 months. David Watt, Toronto-based senior currency strategist at RBC Capital Markets, said he calls parity the new normal for the USD/CAD cross. He
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