Canadian Dollar surges over 7 cents in strongest rally on record
The Canadian dollar has moved more than 7 percent in a single day, from close to the .7700 (1.3000) level to .8240 (1.2140) yesterday. This means that a $200,000 US dollar property just became about $17,000 Canadian dollars!
In light of recent currency moves out of Canadians’ favor, this a great dose of good news in a market that has been void of positive reports for quite some time.
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