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The Canadian dollar rose to one-for-one footing with the U.S. currency on Tuesday for the first time since July 2008, boosted by rising commodity prices and expectations for higher domestic interest rates.

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Following are some key dates in the history of the Canadian dollar.

September 1950 - Canada allows the Canadian dollar to float against other currencies. The currency was previously tied to the price of gold under the gold standard.

May 1962 - Canada brings back a fixed rate for a period, valuing the Canadian dollar at 92.5 U.S. cents, with a fluctuation band of plus or minus 1%.

May 1970 - Canada returns to a floating rate, which it has used since. The currency climbs about 5% to about 97 U.S. cents and moves above the U.S. dollar by 1972.

April 25, 1974 - Canadian dollar hits what was then a modern high of US$1.0443

Feb. 4, 1986 - Currency falls to a low of 69.13 U.S. cents, a record at the time, on soft commodity prices and concerns about Canada

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