Monday, April 30, 2007

Canada's Dollar Advances to Seven-Month High as Economic Growth Quickens

(Bloomberg) -- Canada's dollar touched a seven- month high after a report showed economic growth quickened in February.

Traders bought Canadian dollars after Statistics Canada said the nation's economy grew at a 0.4 percent pace in February, compared with a 0.1 percent gain the previous month. Economists expected a 0.2 percent expansion, according to the median forecast in a Bloomberg survey.


Read more at Bloomberg Currencies News

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