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.
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)
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