Reversal of fortunes

I got the latest FX rates for the SGD/USD and SGD/CAD pairs from Maybank (21 Sep 07). As you can see, CAD is almost reaching parity with its bigger USD cousin at 1.51~ish. It was also reported in the papers that CAD briefly overtook USD on Friday, 21st Sep.
I remember barely 5 years ago, that 1 [...]