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Loonie to fly above parity by summer, CIBC says

posted by Avatar delioncourt 180 days ago in USD, CAD, Inflation made popular 179 days ago

The loonie is likely to rise above parity with the U.S. dollar by the summer as higher interest rates, demand for commodities and the perception of Canada as financially solid push up the currency, CIBC World Markets said in a report.
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