Posted AT 4:51 AM EST on 01/03/06
Dollar soars to 14-year high
The loonie vaulted to its highest level in more than 14 years yesterday, welcome news for Canadian travellers on the eve of March break, after reports this week showing buoyant economic growth and a record surplus in trade and international investment flows.
The Canadian dollar broke 88 cents (U.S.) for the first time since December, 1991, touching 88.06 cents before closing at 87.98 cents.
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