Posted AT 4:23 PM EDT on 03/11/04
Dollar touches 12-year high
The Canadian dollar soared to its highest level in 12 years Wednesday as its U.S. counterpart defied market expectations by losing ground against major world currencies after an apparent win by incumbent U.S. president George W. Bush.
The dollar — which closed Tuesday at 81.68 cents (U.S.) had surged to 82.79 cents, its best showing since 1992. It closed even higher at 82.71 cents.
The latest gains came as the U.S.
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| Market | Change | Value |
|---|---|---|
| Data delayed 20 minutes | ||
| S&P/TSX | +156.14 | 14,984.20 |
| DJIA | -5.86 | 12,986.80 |
| S&P 500 | +1.78 | 1,425.35 |
| Nasdaq | -4.88 | 2,528.85 |
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