Business briefs: The loonie rises

The Canadian dollar reached parity with the U.S. dollar on Thursday for the first time since November 1976. Known as the loonie because of the bird pictured on the one-dollar coin, the Canadian dollar has been gaining ground on its American counterpart since hitting an all-time low of 61.79 U.S. cents on Jan. 21, 2002. This week, the loonie rose sharply against its U.S. counterpart.

PAPERLESS TICKETS

Next summer, paper airline tickets will go the way of vinyl records and rotary-dial phones: They won’t disappear, but they’ll be hard to find. On June 1, the industry association that handles ticketing will stop issuing paper tickets. The International Air Transport Association says paper tickets have already fallen to less than 14 percent of the 400 million tickets it processes each year.

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