In 2002 this neighbor's currency hit a low of 61.79 cents to the U.S. dollar
... of the U.S. dollar is partly because the American currency has been 
overvalued .... (Gagnon 318) Because the United States dollar's elasticities are 
so low, the... [DOC] [TLE] Canadian loonie: what the world looked like on past lows - Business ... [PAR] Jan 7, 2016 ... 21, 2002, according to the Bank of Canada, hitting 61.79 cents US.