Getting your player ready...
New York – The loonie has taken off.
Thanks to a sinking U.S. dollar and soaring commodities prices that benefit resource-rich Canada, that country’s currency – named for a Canadian bird, the loon, on the $1 coin – as of Thursday can be exchanged one-for-one with the greenback for the first time since 1976.
That means a bottle of maple syrup could cost an American as much in Toronto as it does in New York.
The U.S. dollar also fell to its lowest level ever against the 13-nation euro and to a nine-year low against the Indian rupee.
