Friday, May 18, 2007

Canada's Dollar Reaches Highest in Almost 30 Years on Economy's Strength

(Bloomberg) -- Canada's dollar climbed to the highest
level in almost 30 years as the nation's economy showed signs of
strength and prices of its main commodity exports surged.

The Canadian dollar is the second-best performer this year
among most-actively traded currencies as the growing economy
fueled speculation the Bank of Canada will raise interest rates
in 2007.


Read more at Bloomberg Currencies News

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