 Since then, its value against all major currencies rose until 2013, due in part to high prices for commodities (especially oil) that Canada exports.The Canadian dollar's value against the U.S. dollar rose sharply in 2007 because of the continued strength of the Canadian economy and the U.S. currency's weakness on world markets.During trading on September 20, 2007, it met the U.S. dollar at parity for the first time since November 25, 1976.