Tuesday, April 17, 2007

Canadian Dollar Advances to Highest in Four Months on Merger Speculation

(Bloomberg) -- Canada's dollar rose to the highest in more than four months amid speculation international takeover agreements will fuel demand for the currency.

The currency has gained 2 percent this month against the U.S. dollar on economic strength and higher prices of commodities, accounting for 54 percent of exports. The price of copper rose on concern a labor dispute may reduce supply.


Read more at Bloomberg Currencies News

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