Posted AT 5:59 AM EST on 14/11/07
Parity is where the loonie should be
OTTAWA On this memorable occasion, the 150th anniversary of the Canadian currency, it is altogether fitting that the Canadian dollar should surge back to parity with the U.S. dollar. Parity was where it started. For ease of commerce in North America, parity is where (all else equal) it ought to be.
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