However , Canada allowed its dollar to float in 1950 , whereupon the currency rose to a slight premium over the U.S. dollar for the next decade .
In 1949 , sterling was devalued and Canada followed , returning to a peg of C $1.10 = US $1.00 .
Canada allowed Canada 's dollar to float in 1950 , whereupon the currency rose to a slight premium over the U.S. dollar for the next decade .
In 1949 , sterling was devalued and Canada followed , returning to a peg of C $1.10 = US $1.00 .