Will the Canadian dollar ever surpass the US dollar?

The U.S. Dollar Index—which measures the strength of the dollar versus against foreign currencies such as the euro, yen, pound and Canadian dollar—is up roughly 27 percent over the last year. While the euro makes up 57.6 percent of the index, it’s evident that the U.S. dollar is still rallying compared to the other currencies. read more

The Canadian dollar returned to a fixed exchange rate regime in 1962 when its value was set at US$0.925, where it remained until 1970. As an inflation-fighting measure, the Canadian dollar was allowed to float in 1970. Its value appreciated and it was worth more than the U.S. dollar for part of the 1970s. read more