(Bloomberg) -- Canada's dollar rose to within a cent
of a 30-year high versus its U.S. counterpart on speculation the
Bank of Canada will keep raising its interest rates.
The Canadian currency has climbed 10 percent this year as
higher crude prices, which have risen 17 percent in the same
period, boost the nation's growth. Commodities including oil make
up about half of Canada's exports. The currency may extend gains
before a report tomorrow that's forecast to show Canadian
building permits rose last month.
Read more at Bloomberg Currencies News
of a 30-year high versus its U.S. counterpart on speculation the
Bank of Canada will keep raising its interest rates.
The Canadian currency has climbed 10 percent this year as
higher crude prices, which have risen 17 percent in the same
period, boost the nation's growth. Commodities including oil make
up about half of Canada's exports. The currency may extend gains
before a report tomorrow that's forecast to show Canadian
building permits rose last month.
Read more at Bloomberg Currencies News
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