(Bloomberg) -- The Canadian dollar reached a 30-
year high on speculation the Bank of Canada will raise its
benchmark interest rate as soon as next month.
The currency gained 0.3 percent in June after the central
bank said the prior month that it may lift rates ``in the near
term'' from 4.25 percent. A quarterly survey by the central bank
yesterday showed Canadian companies reported the most difficulty
meeting new orders in almost seven years, and most expect
inflation to exceed the central bank's 2 percent target.
Read more at Bloomberg Currencies News
year high on speculation the Bank of Canada will raise its
benchmark interest rate as soon as next month.
The currency gained 0.3 percent in June after the central
bank said the prior month that it may lift rates ``in the near
term'' from 4.25 percent. A quarterly survey by the central bank
yesterday showed Canadian companies reported the most difficulty
meeting new orders in almost seven years, and most expect
inflation to exceed the central bank's 2 percent target.
Read more at Bloomberg Currencies News
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