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The high point was on April 25, 1974, when it reached US$1.0443. [39] The Canadian dollar fell in value against its American counterpart during the technological boom of the 1990s that was centred in the United States, and was traded for as little as US$0.6179 on January 21, 2002, which was an all-time low. [40]
In the mid-to-late 1990s, however, the Canadian dollar fell to record lows in value to against the US dollar. Cheaper Canadian primary products such as lumber and oil could be bought tariff-free by Americans, and Hollywood studios sent their crews to film many movies in Canada due to the cheap Canadian dollar (see "runaway production" and ...
The government fixed the value of the Canadian dollar against the pound sterling ($4.43 buying and $4.47 selling) and also against the US dollar ($1.10 (US$0.9091) buying and $1.11 (US$0.9009) selling). The government also imposed strict currency controls on exchanges with foreign currencies, particularly the United States dollar.
The median forecast of 36 foreign exchange analysts in the Dec. 2-4 poll predicted the loonie would edge 0.3% higher to 1.4034 per U.S. dollar, or 71.26 U.S. cents, in three months, compared to ...
Canadian politicians have debated free trade since 1866. [citation needed].Trade with the United States was the main topic in the 1911 Canadian Federal Election, where it was proposed by the Liberal Party of Canada and opposed by the Conservative Party, as well as in the 1984 and 1988 Canadian Federal Election, where the Progressive Conservative Party promoted a free trade agreement, opposed ...
The loonie was trading 0.1% higher at 1.4135 to the U.S. dollar, or 70.75 U.S. cents. It moved in a range of 1.4094 to 1.4175, holding just short of the 4-1/2-year low it posted on Nov. 26 at 1.4177.