Thursday, September 20, 2007

Loonie edges up to 31-year high



TOKYO (Reuters) - The Canadian dollar hit a 31-year high on Friday against the U.S. dollar, which remained under selling pressure after an aggressive rate cut by the Federal Reserve earlier in the week.

The loonie edged up to C$0.9985 per dollar, after muscling above parity in the previous session for the first time since late 1976.

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