The Canadian dollar continues to hover just above or below parity with its American cousin.
The loonie was worth more than one U.S. dollar early Wednesday before trading began officially in North America. It slipped below parity just before Canadian and U.S. markets opened and is expected to hover just above or below $1.00 U.S. for some time.
Canada's dollar has been bolstered in recent months by its relatively strong economy, while the American greenback has fallen against other currencies.
The loonie returned to parity for the first time in 20 months Tuesday, but closed the day at 99.88 cents U.S.
Economists say it is only a matter of time -- maybe days -- before the currency stakes its ground above the line for an extended period.
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