Friday, 18 May 2007

Hot C$ closes in on greenback, but no parity seen

(Reuters) - Some economists also said the Bank of Canada, in a bid to
protect the manufacturing sector, could step in to cool down
the currency, while a potential turnaround in commodity prices
might also spark a selloff.




Meantime, the Canadian dollar has made the most of robust
domestic data, Bank of Canada rate hike expectations,
merger-related interest in Canadian companies, higher commodity
prices and a generally weaker U.S. dollar.


Read more at Reuters.com Bonds News

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