Monday, May 21, 2007

Canada dollar hits near 30-year high vs U.S. dollar

(Reuters) - "There has been a batch of much stronger than expected data and there's a view that the Bank of Canada is turning more hawkish. There has also been strong M&A flow into Canada," said Kamal Sharma, currency strategist at Bank of America.




Over the weekend, Canada's finance minister Jim Flaherty said the strong currency was a challenge for manufacturers and their key to coping with it is to be more productive.


Read more at Reuters.com Hot Stocks News

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