Posted AT 10:41 PM EST on 20/09/07
'Strong currency, proud currency'
The Canadian dollar has broken through parity for the first time since Nov. 25, 1976.
"Strong currency, proud currency," said Steven Butler, director of foreign-exchange trading at Scotia Capital Inc., who said he's seen a slew of buyers from corporations to speculators, today. "All the fundamentals point to Canada right now."
Currency traders cheered with the first official trade at parity at 10:58 a.m. EDT, but the loonie's astonishing appreciation carries mixed blessings.
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