(Bloomberg) -- The Canadian dollar is poised for
its eighth weekly gain in nine weeks versus its U.S. counterpart
as crude oil prices advanced and the nation's central bank said
inflation will remain above its target.
The currency traded at 95.64 U.S. cents at 8:49 a.m. in
Toronto, from 95.62 U.S. cents yesterday. One U.S. dollar buys
C$1.0456. The Canadian dollar reached 95.74 U.S. cents on July
9, the highest since March 3, 1977.
Read more at Bloomberg Currencies News
its eighth weekly gain in nine weeks versus its U.S. counterpart
as crude oil prices advanced and the nation's central bank said
inflation will remain above its target.
The currency traded at 95.64 U.S. cents at 8:49 a.m. in
Toronto, from 95.62 U.S. cents yesterday. One U.S. dollar buys
C$1.0456. The Canadian dollar reached 95.74 U.S. cents on July
9, the highest since March 3, 1977.
Read more at Bloomberg Currencies News
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