{"id":503114,"date":"2010-04-01T13:36:00","date_gmt":"2010-04-01T17:36:00","guid":{"rendered":"e2249889-c78b-43e3-9643-b1d7d4aa587b:417629"},"modified":"2010-04-01T13:36:00","modified_gmt":"2010-04-01T17:36:00","slug":"loonie-could-hit-parity-due-to-light-holiday-trading-2","status":"publish","type":"post","link":"https:\/\/mereja.media\/index\/503114","title":{"rendered":"Loonie could hit parity due to light holiday trading"},"content":{"rendered":"<p>Market liquidity drying up for the Easter long week could be what it takes to push the Canadian dollar to parity. The loonie <a href=\"http:\/\/www.financialpost.com\/news-sectors\/story.html?id=2752840\" >continued to appreciate<\/a> on Thursday, topping US99\u00a2 as oil traded at an 18-month high. Strong manufacturing data from China and Europe put the risk trade back on in full swing.<\/p>\n<p>A stronger-than-expected <a href=\"http:\/\/www.financialpost.com\/news-sectors\/story.html?id=2749013\" >GDP report<\/a> also helped raise expectations that the Bank of Canada will raise interest rates before the U.S. Federal Reserve.<\/p>\n<p>\u201cCanadian economic data has been strong and the Canadian dollar is in a well entrenched uptrend,\u201d Rahim Madhavji at Knightsbrige Foreign Exchange said in a note.<\/p>\n<p>He also pointed out that the U.S. dollar could strengthen as traders square their positions and take profits prior to the long weekend.<\/p>\n<p>Canada\u2019s currency has risen roughly 6.7% relative to the greenback since Feb. 8, an annualized rate of more than 55%. The loonie traded as low as US76\u00a2 on March 9, 2009 and was last at parity in July 2008.<\/p>\n<p><a href=\"mailto:jratner@nationalpost.com\">Jonathan Ratner<\/a><\/p>\n<p><img loading=\"lazy\" decoding=\"async\" src=\"http:\/\/network.nationalpost.com\/NP\/aggbug.aspx?PostID=417629\" width=\"1\" height=\"1\"><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Market liquidity drying up for the Easter long week could be what it takes to push the Canadian dollar to parity. The loonie continued to appreciate on Thursday, topping US99\u00a2 as oil traded at an 18-month high. Strong manufacturing data from China and Europe put the risk trade back on in full swing. A stronger-than-expected [&hellip;]<\/p>\n","protected":false},"author":4059,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[7],"tags":[],"class_list":["post-503114","post","type-post","status-publish","format-standard","hentry","category-news"],"_links":{"self":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/posts\/503114","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/users\/4059"}],"replies":[{"embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/comments?post=503114"}],"version-history":[{"count":0,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/posts\/503114\/revisions"}],"wp:attachment":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/media?parent=503114"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/categories?post=503114"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/tags?post=503114"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}