Canadians looking to pickup properties in the US will soon be equipped with a more powerful currency, says experts…more US house per loonie! yay…

(Source: Yahoo News)

The Canadian dollar, or loonie as it is affectionately called here, is likely to soar above parity with the US greenback this year, experts at a Canadian bank said Wednesday.

Canadian Imperial Bank of Canada (CIBC) chief economist Avery Shenfeld said the Canadian dollar had already gained several cents in recent weeks as the market firms up expectations of an interest rate hike in July.

Read the full article, “Canadian dollar likely to trump US Greenback, experts” at Yahoo News (March 10, 2010).

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