Tuesday, July 17, 2007

Canada Dollar Little Changed Near 30-Year High as Inflation May Accelerate

(Bloomberg) -- Canada's dollar traded near a 30-
year high before a government report tomorrow that is forecast
to show consumer inflation accelerated in June.

The currency has gained 11.7 percent this year as the Bank
of Canada raised its benchmark interest rate after inflation
exceeded the bank's target of 2 percent.


Read more at Bloomberg Currencies News

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