Posted on 21/09/07
Parity comes at no small price
Minutes before 11 a.m. yesterday, as Toronto currency traders cheered, the Canadian dollar nudged above its American counterpart for the first time in almost 31 years. It was a remarkable moment, the crossing of a psychological barrier that has afflicted and affected Canadians for a generation. Any tourist who has ever exchanged money at a U.S. bank could savour the news.
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