The Canadian Loonie has reached its latest high, climbing to 97.46 cents US. Currency strategists say their predictions are that the Loonie will once again surpass the American dollar by midyear 2010. However the higher the Loonie climbs the harder it makes it on the Canadian manufacturing and exporters industry. This industry was hit very hard by the recession because of the US trying to boost their economy by buying home goods and not continuing as much trade with Canada. But now that the Loonie climbs sales have declined since the rising cost of their goods alongside the Loonie.