August 3, 2012 / 1:18 PM / in 5 years

CANADA FX-C$ stronger than US$ for first time since May

TORONTO, Aug 3 (Reuters) - Canada's dollar traded at a
stronger level than the U.S. currency on Friday for the first
time in more than 2 months as investors remained hopeful that
central banks around the globe would take action to prop up
their economies.
    The Canadian dollar rose to C$0.9997 against the
U.S. currency, or $1.0003. It was the first time it traded
through parity with the greenback since May 15. On Thursday, the
currency finished at C$1.0072 against the U.S. currency, or
99.29 U.S. cents.

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