Financial Times FT.com

Canadian shoppers up in arms as 'loonie' prices fail to reach parity

By Bernard Simon in Toronto

Published: October 2 2007 03:00 | Last updated: October 2 2007 03:00

Canadian shoppers are up in arms. Many have suddenly noticed that their dollar does not have the same purchasing power as the US dollar, and they are struggling to understand why.

The comparison has become much easier in the past 10 days since the "loonie" - named after the aquatic bird on the Canadian one-dollar coin - soared to parity with the greenback for the first time in 31 years.

You have viewed your allowance of free articles. If you wish to view more, click the button below.

Read this