The Canadian dollar fell in value against its American counterpart during the technological boom of the 1990s that was centred in the United States, and was traded for as little as US$0.6179 on January 21, 2002, which was an all-time low. Since then, its value against all major currencies rose until 2013, due in part to high prices for commodities (especially oil) that Canada exports.
The Canadian dollar fell in value against its American counterpart during the technolo,gical boom of the 1990s that was centred in the United States, and was traded for as little as US$0.6179 on January 21, 2002, which was an all-time low. Since then, its value against all major currencies rose until 2013 due in part to high prices for commodities (especially oil) that Canada exports.