TORONTO (Reuters) - The Canadian dollar reached parity with the U.S. currency for the first time in 31 years on Thursday, according to Reuters data, supported by lofty commodity prices, a strong domestic economy and concerns about a U.S. economic slowdown.
The Canadian currency has been threatening parity for most of 2007, but a number of factors have aligned recently to give it a boost to the key level, including recent rate cuts in the United States.
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