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The Canadian dollar charged closer to $1.03 US Thursday as it benefited from higher commodity prices, a bigger trade surplus and a U.S. greenback sliding ever lower.
The loonie closed trading at $1.0243 US, up more than two-fifths of a cent. Earlier in the day, it went to $1.0277 US — its highest level since Nov. 2, 1976.
Oil prices provided much of the lift, as crude futures bolted ahead by $1.79 US a barrel to $83.09 US in New York trading.
The oil rise followed a U.S. Energy Department report that showed an unexpected decline in crude supplies.
Gold prices jumped almost $11 US an ounce as the U.S. currency lost more ground against most major world currencies.
The loonie added to its gains following the release of a better-than-expected trade report that showed Canada's trade surplus in August rose to $4.1 billion.
The Canadian dollar first reached parity in its current run-up against the U.S. dollar on Sept. 20.
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| Index | Last Trade | Change |
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| TSX COMPOSITE | 12336.13 | -62.56 |
| DOW | 12843.12 | -30.92 |
| NASDAQ | 2920.84 | -10.55 |
| SP 500 | 1347.16 | -4.61 |
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