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Bank of Montreal: USD/CAD may fall to parity
Canadian dollar strengthened versus the greenback making the biggest advance in 2 months as the markets seem to be optimistic on the plan of the European authorities to recapitalize banks.
The pair USD/CAD declined from 1-year maximum at 1.0657 set on October 4 to the levels below 1.0200.
Analysts at Bank of Montreal claim that loonie may reach parity versus its US counterpart.