Thursday, May 3, 2007

Canada's Dollar Rises Near Eight-Month High on Renewed Merger Speculation

(Bloomberg) -- Canada's dollar strengthened near an eight-month high on speculation international investors will purchase Canadian companies, fueling demand for the currency.

LionOre Mining International Ltd., a Toronto-based gold and nickel mining company, may be sold to OAO GMK Norilsk Nickel, the world's largest nickel producer, after the Moscow-based Norilsk bid C$5.3 billion.


Read more at Bloomberg Currencies News

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