
Canada's dollar traded equal to the U.S. currency for the first time in three decades, capping a five-year run on the back of booming demand for the nation's commodities.
The Canadian dollar rose as high as $1.0008, before retreating to 99.91 U.S. cents at 3:08 p.m. in New York. It has soared 62 percent from a record low of 61.76 U.S. cents in 2002. The U.S. dollar fell as low as 99.93 Canadian cents today. The Canadian currency last closed above $1 on Nov. 25, 1976, when Pierre Trudeau was Canada's prime minister.
The dollar is definitely going to get weaker too. Best way to play it is to invest in gold via gold mining companies, or mutual funds holding gold mining companies.
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