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Old 09-13-2007, 11:04 AM   #45
Nehkara
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Location: Calgary, Alberta, Canada
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Quote:
Originally Posted by HOOT View Post
Was there ever a time when the CND was worth more than the USD?
Yes.

Quote:
Unlike other currencies in the Bretton Woods system whose values were fixed, the Canadian dollar was allowed to float from 1950 to 1962. From 1952 to 1960, the Canadian dollar traded at a slight premium over the U.S. dollar, reaching a high of US$1.0614 on August 20, 1957 (the all-time high of US$2.78 was reached on 11 July 1864 after the United States had temporarily abandoned the gold standard).
Quote:
As an inflation-fighting measure, the Canadian dollar was allowed to float in 1970. Its value appreciated and it was worth more than the U.S. dollar for part of the 1970s. The high point was on April 25, 1974 when it reached US$1.0443. The Canadian dollar has continued to float since then, but it has not been above the U.S. dollar since 1976.
Source: Wikipedia

If it happens this year it will be the first time in 31 years.
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