The Canadian Loonie at Parity for First Time Since July 2008

Canada's Dollar at Parity for First Time Since July 2008

April 6 (Bloomberg) -- Canadas dollar traded equal to the U.S. currency for the first time since July 2008 on the back of the rising price of crude oil and the prospect of higher interest rates. Canadas dollar, dubbed the loonie for the aquatic bird on the C$1 coin, last traded at par with the greenback on July 22, 2008. Bloomberg's Scarlet Fu reports. (Source: Bloomberg)