(Bloomberg) -- Canada's dollar reached a seven-month high as investors pared bets that the Bank of Canada will cut interest rates this year amid a strengthening economy and rising commodity prices.
Canada's currency gained for a sixth straight week, its longest winning streak since 2004, after Statistics Canada reported yesterday that its survey of managers showed increased expectations for manufacturing production. Rising prices for commodities, accounting for 54 percent of exports, also bolstered the Canadian dollar.
Read more at Bloomberg Currencies News
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