Thursday, July 19, 2007

Canada's Dollar Approaches 30-Year High After Wholesale Sales Increase

(Bloomberg) -- Canada's dollar approached the 30-
year high reached yesterday after a government report showed
wholesale sales rose more than economists expected in May.

The currency has gained almost 12 percent this year on a
strengthening economy and higher prices for Canada's commodity
exports including oil. Crude oil rose to an 11-month high in New
York after Total SA lost production and declared force majeure
at the Dalia field in Angola.


Read more at Bloomberg Currencies News

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