Justin Trudeau, we’re coming for you. The Singapore dollar was able to reach parity and even surpassed the Canadian Dollar in recent days — a first since March 1995.
Bloomberg reports that the Singdollar first reached parity with the Canadian dollar on Jan 14, maintaining minor fluctuations before hitting power strides last week when a local dollar was equivalent to C$1.0148 on Jan 19. The day after that, the Singdollar fell but still remained stronger with S$1 being equivalent to C$1.0087.
Since then, the Canadian dollar grew stronger. As of writing, C$1 is trading at S$1.0131. Bloomberg says that Canada’s economy and currency have been majorly affected by the global commodities plunge.
