…but that Canadian dollar just caught up with the U.S. dollar, Bloomberg reports.

HT: Drudge

Canada’s dollar rose to 99.88 U.S. cents at 10:36 a.m. in Toronto, from 99.76 U.S. cents yesterday, after earlier climbing to a three-decade high of $1.0064. The U.S. dollar buys C$1.0012. The currency has gained 2.65 percent this week and 16 percent this year, the most against the U.S. dollar among the 16 most actively traded currencies.

Canada has benefited from rising demand for copper, gold, wheat and oil from the U.S. and from emerging economies such as India and China. The country is the world’s largest producer of uranium, the second-biggest exporter of natural gas, and sits on the largest pool of oil reserves outside the Middle East.

I imagine there are other factors at play too. :?