Mortgage News
Loonie chases parity
<br>The loonie continued its flight toward parity Wednesday hitting 99 cents US at one point pushed forward by solid commodity prices, a renewed low rate pledge south of the border and better-than-expected Canadian wholesale trade numbers.<br><br> The tipping point could come as early as Friday when the next round of consumer prices are slated for release, National Bank’s director of foreign exchange Jack Spitz told QMI.<br>
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The loonie continued its flight toward parity Wednesday hitting 99 cents US at one point pushed forward by solid commodity prices, a renewed low rate pledge south of the border and better-than-expected Canadian wholesale trade numbers.
The tipping point could come as early as Friday when the next round of consumer prices are slated for release, National Bank’s director of foreign exchange Jack Spitz told QMI.