History in the Money Making!

The Canadian and American dollar are the same now!

Watching the morning news program (BT), recent stock market trading has led to the Loonie equaling the Greenback. Awesome.

From 680news.com :

Dollar reaches parity with U.S. currency

Thursday, September 20, 2007 - 11:17 AM
By: 680News staff and The Canadian Press

Toronto - After a steady upward climb, the Canadian dollar has reached parity with the U.S. dollar.

The last time the dollar was at par with the U.S. dollar was November 1976.

The loonie has been gaining on its American counterpart since bottoming out below 62 cents in early 2002.

It has risen about five U.S. cents since the beginning of the month.

Helping the Canadian dollar reach the same level as its U.S. counterpart has been continuing weakness with the American currency.

The U.S. dollar has dropped rapidly since the U.S. Federal Reserve cut short-term interest rates by half a percentage point on worries that a global credit crisis has hurt the U.S. economy.

The American dollar has also dropped against other major world currencies, including the euro, the British pound, the yen and the Swiss franc.