Canada Dollar Reaches 30-Year High on Outlook for Interest Rate Increase

(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

European Shares Post Fourth Straight Quarterly Gain on Growth, Dividends

(Bloomberg) -- European stocks rose this week and
posted a fourth straight quarterly advance, after reports in the
U.S. signaled the world's biggest economy will keep growing
without stoking inflation.

Oil companies rallied as crude prices rose to a 10-month
high. Vodafone Group Plc paced gains by phone companies as
investors bought shares that pay the highest dividends. Banks and
insurers limited gains, declining on speculation central banks
will keep raising interest rates to quell inflation.


Read more at Bloomberg Stocks News