Canadian Dollar on par with US$

For the first time in 31 years, the loonie (C$) briefly touched on parity with the Greenback, capping a spectacular run that has seen it rise 62 per cent since 2002.

The loonie briefly reached $1.0003 US on foreign exchange markets shortly before 11 a.m. ET, the Bank of Canada said. The loonie spent much of the rest of the day flirting with parity and closed at 99.87 cents US, up 1.37 cents from Wednesday's Bank of Canada close.