At 100.54 cents to the USD, the Canadian dollar was also at its highest value in more than two years. The last time the loonie reached parity was Nov. 10, 2010.
The coin’s rise in value was driven by increasing oil and copper prices. In the U.S., by contrast, confidence in the economy prompted more investor risk-taking, moving investments away from the American dollar.
At the time of print, the CAD and USD were at parity.