Thursday, June 28, 2007

Canada's Dollar Advances to More Than Two-Week High as Oil Prices Increase

(Bloomberg) -- The Canadian dollar rose to a more
than two-week high versus the U.S. currency on speculation an
advance in crude oil will lift the country's economic growth.

Commodities including oil make up about half of Canada's
exports. The Canadian currency remained higher after the U.S.
Federal Reserve kept its target rate at 5.25 percent and stressed
that inflation is their ``predominant'' concern.


Read more at Bloomberg Currencies News

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