Tuesday, May 22, 2007

Canada's Dollar Trades Near 30-Year High Amid Interest-Rate Speculation

(Bloomberg) -- Canada's dollar traded near a 30-year
high as the currency benefits from speculation the nation's
central bank will raise borrowing costs this year.

The Canadian dollar traded at 92.12 U.S. cents at 9:13 a.m.
in Toronto, from 92.19 U.S. cents yesterday when it reached 92.35
U.S. cents, the highest since October 1977. One U.S. dollar buys
C$1.0855.


Read more at Bloomberg Currencies News

No comments: