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Canadian Dollar Hits Record High, Set To Pass US Dollar Soon

News Type: Event — Seeded on Wed Sep 19, 2007 7:48 AM EDT
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The Canadian dollar set a 30-year-high Tuesday, closing at US98.64 cents after investors got word of a drastic interest rate cut south of the border.

The loonie rose 1.36 cents higher than Monday's close as it traded on Toronto's financial market. The dollar went as high as 98.74 cents Tuesday afternoon,

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