(Bloomberg) -- The Canadian dollar will climb to a 30-year high amid surging mergers and acquisitions, higher commodity prices and rising interest rates, according to Citigroup Global Markets Inc.
Citigroup expects the Canadian dollar will appreciate to C$1.0400 this year, from its near 11-month high of C$1.1073. The currency last time reached that level in March 1977. It strengthened to $1.107 today in Toronto.
Read more at Bloomberg Currencies News
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