<P> On September 28 , 2007 , the Canadian dollar closed above the U.S. dollar for the first time in 30 years , at US $1.0052 . On November 7 , 2007 , it hit US $1.1024 during trading , a modern - day high after China announced it would diversify its US $1.43 trillion foreign exchange reserve away from the U.S. dollar . By November 30 , however , the Canadian dollar was once again at par with the U.S. dollar , and on December 4 , the dollar had retreated back to US $0.98 , through a cut in interest rates made by the Bank of Canada due to concerns about exports to the U.S. </P>
<P> On September 28 , 2007 , the Canadian dollar closed above the U.S. dollar for the first time in 30 years , at US $1.0052 . On November 7 , 2007 , it hit US $1.1024 during trading , a modern - day high after China announced it would diversify its US $1.43 trillion foreign exchange reserve away from the U.S. dollar . By November 30 , however , the Canadian dollar was once again at par with the U.S. dollar , and on December 4 , the dollar had retreated back to US $0.98 , through a cut in interest rates made by the Bank of Canada due to concerns about exports to the U.S. </P>
last time canadian dollar was at par with us
last time canadian dollar was at par with us
2007
2007