The Canadian Press

2007-09-20 | Loonie Economy

Preview Clip

The Canadian dollar reached parity with the US greenback on September 20th -- the first time since November 25, 1976. The loonie's surge was expected to cause headaches for manufacturers and travel agents, but as T-D economist Craig Alexander said, it would also bring a number of positives. (The loonie started 2007 at just under 86 cents US, but surged on a combination of high commodity prices -- especially record-high crude oil, the weak greenback and a strong Canadian economy.)

Date: 2007-09-20
Placeline: TORONTO, Ontario.
Source: The Canadian Press
Length: 21 seconds

Transcript Prediction: << I'm on The Winning Side Of The Rising the Canadian dollar is is a huge positive for importers because the cost of bringing Goods into Canada gets cheaper it's a positive generally for wholesalers that are sort of the middle men of the of the economy they can also be positive for Canadian consumers cuz after all the purchasing power of their of their money has gone up >>