Financial Times FT.com

Dollar hits lows against major currencies

By Peter Garnham

Published: September 20 2007 11:22 | Last updated: September 20 2007 22:37

The Canadian dollar rose to parity against the US dollar for the first time since 1976 on Thursday, buoyed by soaring oil prices and broad-based weakness in the greenback.

Adam Cole, at RBC Capital Markets, said he expected the Canadian dollar to continue its upward path. “Canada produces the commodities the world wants – it is still the number one commodity play among major currencies.”

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