Friday, June 15, 2007

C$ rise doesn't signal Canada economy slump -CIBC

(Reuters) - The Canadian dollar was at C$1.0635 to the U.S. dollar, or
94.03 U.S. cents, early on Friday, off the 30-year high of
C$1.0547 to the U.S. dollar it reached last week.




"What seemed to put parity, or even today's ... value out
of reach was the dire implications those currency levels would
pose for the country's manufacturing sector," Jeff Rubin, chief
economist at CIBC World Markets, said in a statement.


Read more at Reuters.com Bonds News

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