Canada's Dollar Reaches 30-Year High on Outlook for Higher Interest Rates

(Bloomberg) -- The Canadian dollar reached a
30-year high and bonds fell as a strengthening economy
paced by rising commodity export receipts prompted
speculation the Bank of Canada will lift interest rates.

Canada's dollar was the top performer this week among
the 16 most-actively traded currencies against the U.S.
dollar, gaining 0.8 percent. It also reached a 15-year high
against the yen.


Read more at Bloomberg Currencies News

Egypt buys 1.1 mln T wheat from farmers

(Reuters) - The Egyptian government has bought 1.1 million tonnes of wheat from farmers since April 1, the start of the marketing season, about 700,000 tonnes less than at the same point last year, an official said on Saturday.

Darwish Mustafa, undersecretary in the Ministry of Social Solidarity, told Reuters the purchases were down because the harvest had started later than usual in some provinces.


Read more at Reuters Africa

Nigerian oil unions end strike

(Reuters) - Nigerian oil unions have suspended a two-day strike in the national oil company after the government agreed to a pay rise and other benefits, a union leader said.

The strike had threatened to halt oil shipments from the world's eighth largest exporter and had worsened fuel shortages across Nigeria in the days leading up to a change of government on Tuesday.


Read more at Reuters Africa