Friday, August 27, 2010

CHRONOLOGY-Key dates in Canadian dollars lapse to relation

Tue Apr 6, 2010 9:43am EDT Related News Canada dollar edges on top of U.S. dollar; top given 2008Tue, Apr 6 2010Euro harm by Greece worries; Canadian dollar hits parityTue, Apr 6 2010FOREX-Greece worries hole euro; Aussie, Canada dlr gainTue, Apr 6 2010Canadian dlr hits relation vs USD, initial time given Jul 08Tue, Apr 6 2010Canadian dollar inches towards US$ parity; holds fallMon, Apr 5 2010

Apr 6 (Reuters) - The Canadian dollar rose to one-for-onefooting with the U.S. banking on Tuesday for the initial timesince Jul 2008, increased by rising commodity prices andexpectations for higher made at home seductiveness rates.

Bonds&&&&Global Markets

Following are a little key dates in the story of the Canadiandollar, nicknamed the loonie for the H2O bird decorated on theone-dollar coin.

Sep 1950 - Canada allows the Canadian dollar to floatagainst alternative currencies. The banking was formerly scored equally tothe cost of bullion underneath the bullion standard.

May 1962 - Canada brings behind a bound rate for a period,valuing the Canadian dollar at 92.5 U.S. cents, with afluctuation rope of and or reduction 1 percent.

May 1970 - Canada earnings to a floating rate, that it hasused since. The banking climbs about 5 percent to about 97U.S. cents and moves on top of the U.S. dollar by 1972.

Apr 25, 1974 - Canadian dollar hits what was afterwards amodern high of US$1.0443

Feb. 4, 1986 - Currency falls to a low of 69.13 U.S. cents,a jot down at the time, on soft commodity prices and concernsabout Canada"s mercantile prospects. It afterwards starts a marchhigher for the rest of the decade.

Sep 1998 - The last time the Bank of Canadaintervened in unfamiliar sell markets to affect movements inthe Canadian dollar.

Jan. 21, 2002 - Canadian dollar hits a jot down low of 61.79U.S. cents, according to Bank of Canada data, undermined byweak apparatus prices and a strong U.S. dollar.

Sept. 20, 2007- Canadian dollar earnings to next to worth withthe U.S. dollar for the initial time given the 1970s.

Nov. 7, 2007 - Currency rises to a modern-day high ofUS$1.1039, according to Reuters traffic data.

Jul 22, 2008 - Canadian dollar trades on top of relation withthe U.S. dollar for the last time in 2008 as tellurian financialcrisis drives commodity-linked currencies lower.

Apr 6, 2010 - Canadian dollar earnings to next to worth withthe U.S. dollar for the initial time in about twenty months. (Source: Bank of Canada, Reuters data) (Reporting by Ka Yan Ng; Editing by Jeffrey Hodgson)

Bonds Global Markets

No comments:

Post a Comment