Posted AT 4:17 PM EDT on 01/05/06
Dollar hits new 28-year high
The Canadian dollar climbed to a 28-year high Monday, extending last week's advance amid a relentless rise in commodity prices, continued interest from abroad and weak trading volume as dealing rooms across the globe closed to celebrate the May 1 holiday.
The loonie's recent gains has some traders and economists forecasting further highs for the Canadian currency, and steeper losses for the U.S. dollar. A growing number of analysts are calling for the two currencies to reach parity.
The full text of this article has 594 words.
To continue reading this article, you will need to purchase this article.
Already have a member account? Login now
Pay-Per-View Offers To read the complete article, select one of the following options
Purchasing from globeandmail.com is quick and secure.
| Market | Change | Value |
|---|---|---|
| Data delayed 15 minutes | ||
| S&P/TSX | +96.97 | 13,809.77 |
| DJIA | +152.25 | 11,384.21 |
| S&P 500 | +21.39 | 1,273.70 |
| Nasdaq | +51.12 | 2,294.44 |
| Stock Profile | Sponsored by: |
|---|---|
 |
MOST POPULAR 
Most Popular
| Rank | Headline |
|---|---|
| 1. | Say a prayer, buy low 8:04 PM
|
| 2. | Shell shelves plan for Ontario refinery 10:16 PM
|
| 3. | Shell quits Sarnia refinery plan 4:33 PM
|
| 4. | Central bank signals worst of credit woes over 12:53 PM
|
| 5. | WestJet strikes alliance with Southwest 6:33 PM
|
| 6. | Alberta to spend $4-billion for emissions cuts 5:55 PM
|
| 7. | The new wireless world 10:12 AM
|
| 8. | Undervalued loonie set to rise, economists say 8:51 AM
|
| 9. | Alcoa profit tops forecasts 6:22 PM
|
| 10. | RBC plans to enter Islamic finance market 07/07/08 11:57 PM
|
Law Page
- The BCE sale
- Old-fashioned deal making nailed it down
Video Pick
- Montie Brewer's take
- What $140-a-barrel oil means for Air Canada's future
Reguly in Europe
- Berlusconi's Viagra
- The dispute with architect Daniel Libeskind escalates
Nobody's Business
- Patricia Best LPGA stars tee off at Women's Charity Challenge
- Plus: A tell-you all book by Issy?
At the Top
- Craig Muhlhauser: A classic turnaround - with some twists
- Celestica's CEO in an exclusive video interview with Gordon Pitts
The Law Page
- A fading line
- Julian Porter on the fading line between free speech and libel
Incubator feature
- Improving cinema's financial picture
- How to bring more customers through the door of an independent movie house
1
Magazine
- Market correlation declining
- Over past year, U.S. stocks have slid, Canadians rallied
BARRIE McKENNASo many GM brands, not enough GM buyers
ROB CARRICKFill 'er up with these loyalty points
JOHN HEINZLOld ball and chain weighs on TSX