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Published January 05, 2011, 10:21 PM

Loonie Higher Than U.S. Dollar

The Canadian dollar is at its highest point in nearly three years.

The Canadian dollar is at its highest point in nearly three years.

The Loonie is 13 cents higher than the American dollar, its highest close since May 2008.

Officials say the hike in the Loonie's value is driven by higher crude prices, which also sit at a two year high.

Canadians who visit the Grand Forks area for good shopping deals say they hope to see this trend continue.

" Will I come back more often? No doubt. It's a big savings for us," said Millie Herzog while visiting from Winnipeg.

The U.S. dollar lost ground against most G7 currencies over the holiday.

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