TORONTO — Here’s some good news to kickstart the weekend: the Canadian dollar has hit a new high, one that hasn’t been reached in close to a year.

Shortly after North American stock markets opened for trading, Canadians woke up to find that their dollar has hit the 80-cent U.S. mark. The last time the loonie closed above that level was on June 30, 2015, when it settled at 80.06 cents U.S.