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Canada's dollar continued to inch toward parity Thursday, but this time the strength is all relative. The currency has gained nearly five cents in the month since it traded as low as 93.65 cents US on July 5, closing Thursday at 98.37 cents US.
It was the highest close for the dollar in about three months. And analysts say it's possible to envision parity in short order if the jobs data being released Friday in both countries comes out right -- stronger than expected in Canada and on target or slightly weaker than expected in the U.S.
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Source: CTV
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