TORONTO, ONTARIO — (Marketwire) — 09/23/11 — The Canadian dollar has fallen below parity with the U.S. dollar, after a steady rise since March 2009. The loonie has lost more than 4 cents in the past few days. The U.S. dollar has gained ground against all major currencies following a move by the U.S. Federal Reserve to boost the economy. That leaves the Canadian dollar below parity against the greenback for the first time since January of this year.
The dollar fluctuation has implications for Canadian companies – particularly manufacturers that export and import, investors buying currencies, and foreign equities.
Canadian and U.S. based experts will discuss the following:
Contacts:
Media contacts:
Amanda Robinson, Toronto
(416) 867-3996
Sarah Bensadoun, Montreal
(514) 877-8224
Jim Kappel, Chicago
(312) 461-2478