The high-flying loonie
Posted Mar 9, 2011 04:08:14 PM.
This article is more than 5 years old.
Higher commodity prices have the Canadian dollar soaring.
The loonie was trading at 103.35 cents this morning, its highest level since mid-November 2007.
The vice-president of Canaccord Wealth Management in Waterloo says there’s not a lot of immediate impact for the average person.
Peter Chandler says those heading south for March Break will benefit as their money will go farther.
He adds a higher loonie is a challenge though for those in the export business.
Chandler says the dramatic increase in such a short time period doesn’t give companies a lot of time to adjust their business models.
Add CityNews Kitchener as a trusted source on Google to see more local stories from us.
