Friday, June 29, 2007

Canada's Dollar Advances to 30-Year High as Crude Oil Price Extends Gain

(Bloomberg) -- The Canadian dollar rose to the
highest in 30 years as traders bet higher crude oil prices will
boost the country's economic growth.

Commodities including oil make up about half of Canada's
exports. The Canadian dollar has gained 10.6 percent this year
against the U.S. dollar as oil prices have advanced 15 percent.


Read more at Bloomberg Currencies News

No comments: