30.10.2008 - Commodities rebound sends loonie, TSX soaring
From Canada.com: Not since Canada cut the Canadian dollar loose to float freely on world exchange markets nearly four decades ago has the loonie gained as much in a single day as it did Wednesday. Catapulted by falling U.S. interest rates and a big jump in oil and other commodity prices, which also propelled Bay Street's resource-rich benchmark TSX to a further hefty triple digit gain, the loonie leaped by a near record 3.87 cents US to 81.63 cents US, just two notches shy of the 3.89 cents US rise on June 1, 1970, when Canada moved to a floating exchange rate..... Full Article: Source