Canadian dollar reaches parity with staggering U.S. greenback

For the first time in a generation, Canada's dollar is staring eye to eye with its American counterpart after reaching parity briefly with the world's dominant currency.

Boosted by high commodity prices and a weakening greenback, the loonie rose Thursday to an intraday high of US$1.0008, a level it has not hit since November 1976 - great news for the energy and import sectors and Canadian travellers but another sombre milestone for the country's industrial heartland.

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	Loonie catches greenback (translation: Canadian dollar at par with American)	The Globe and Mai	Thu Sep 20	1