Saturday, April 14, 2007

Canadian Dollar Strengthens for a Fourth Week on Economy, Commodity Prices

(Bloomberg) -- Canada's dollar rose for a fourth straight week, its longest rally in more than a year, on speculation higher commodity prices will support the nation's economy and fuel demand for the currency.

The currency reached a four-month high this week as firms including Goldman, Sachs & Co. predicted further gains, following a surge in the prices of Canada's main commodity exports, and after a report showed job growth is accelerating.


Read more at Bloomberg Currencies News

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