By Claire Sibonney and Jennifer Kwan
TORONTO (Reuters) - Canada's dollar strengthened to one-for-one footing with the U.S. currency on Tuesday for the first time since July 2008, powered by rising commodity prices and an economic rebound investors expect will soon trigger rate hikes.
The Canadian dollar climbed as high as C$0.9988 to the U.S. dollar, or US$1.0012, hopping the key psychological level after a string of firmer U.S. economic data helped fuel investor demand for commodity-linked currencies.
The currency has risen more than 5 percent against the U.S. dollar so far this year after gaining almost 16 percent in 2009.
