(Bloomberg) -- The Canadian dollar approached a 30-
year high against the U.S. currency on speculation the Bank of
Canada will boost interest rates as soon as next month.
Canada's currency has advanced 8 percent against the U.S.
dollar this quarter as an accelerating economy pushed the
nation's two-year bond yield to a five-year high. An increase in
the price of crude oil added to the currency's rally today.
Commodities account for 54 percent of Canada's exports.
Read more at Bloomberg Currencies News
year high against the U.S. currency on speculation the Bank of
Canada will boost interest rates as soon as next month.
Canada's currency has advanced 8 percent against the U.S.
dollar this quarter as an accelerating economy pushed the
nation's two-year bond yield to a five-year high. An increase in
the price of crude oil added to the currency's rally today.
Commodities account for 54 percent of Canada's exports.
Read more at Bloomberg Currencies News
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