Loonie continues race toward parity with U.S. dollar
Wednesday, October 14th, 2009
Let’s be clear: The ‘loonie’ is skyrocketing against the US dollar because the US dollar is falling against international currencies. You won’t find any large moves in the Canadian dollar on international markets. And the reason that the US dollar is falling is because it’s being killed off as a result of the Fed’s policies.The US can’t be fully integrated into the new global system until it’s been gutted.
Flashback: Dollar Reaches Breaking Point as Central Banks Shift Reserves | Gold continues record-breaking run | Gold price rises to all-time high | Fisk: Nations to hasten demise of dollar in new world order | US dollar set to be eclipsed, World Bank president predicts | Bilderberg Wants Global Currency Now | Dollar to fall under scrutiny at G20 summit | IMF approves $13bn gold sale to boost lending fund | UN wants new global currency to replace dollar | G20 agrees to continue economic stimulus measures; Geithner shops international reserve accord | China Set to Buy $50 Billion in IMF Notes | Medvedev Unveils “World Currency” Coin At G8 | China calls anew for super-sovereign currency | No one talking about dumping dollar: China minister | China explores buying $50bn in IMF bonds | Chinese economists deem huge holding of US bonds “risky” as Geithner visits | A Bigger, Bolder Role Is Imagined For the IMF | UK PM reveals G20 plan to boost IMF by $1 trillion, hails new world order (again) | UN & IMF Back Agenda For Global Financial Dictatorship | U.N. panel says world should ditch dollar | IMF poised to print billions of dollars in ‘global quantitative easing’ | Gordon Brown seeks sweeping reforms to give IMF global ’surveillance role’ | IMF may need to “print money”, act as “world’s central bank” as crisis spreads | Globalists Exploit Financial Meltdown In Move Towards One World Currency | World needs new Bretton Woods, says Brown | IMF prescribes state regulation of ‘global financial order’ | Bilderberg Seeks Bank Centralization Agenda | Banks face “new world order,” consolidation: report
The Canadian dollar continued to flirt with parity today, edging closer to the U.S. dollar, but still keeping a short distance.
The loonie rose a full cent in trading to close at 97.48 cents (U.S.). The cost of a U.S. dollar was $1.0259 (Canadian).
It was one of many big gains on the markets: Toronto’s S&P/TSX composite index gained 119.24 points to 11,532.78, while the Dow Jones industrial average cruised through the psychologically important 10,000 market for the first time in more than a year. It gained 144.8 points to finish at 10,015.86.
The Canadian dollar now seems miles away from its dark days as the Hudson Bay peso, the derisive nickname it picked up through the late 1990s and early 2000s when its value seemed stuck in the 60-cent range.


Get out of our living rooms. This country is in danger of becoming a politically controlled nation closer to communist China. That’s all very well if you have three hours to wash the dishes, but some of us need to get things done. Gee, these toddlers are up to no good. What are they up to? Wait for it – they’re watching television!
Prime Minister Stephen Harper may have added to the confusion about the H1N1 vaccine on Wednesday by appearing to hedge on whether he would get immunized against the swine flu virus.
Gordon Brown has said the number of British troops in Afghanistan would rise by 500 to 9,500 in a move designed to end a dispute between ministers and defence chiefs and reassure sceptics that the military presence there is worthwhile.
The inquiry into the death of Robert Dziekanski at Vancouver International Airport wrapped up Tuesday with legal arguments from several lawyers about what conclusions the commissioner can legitimately reach.