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Canada’s Dollar Trades Almost Equal to U.S. Amid Commodity Boom


Canada’s dollar traded almost equal to the U.S. currency for a second day amid optimism economic growth will be fueled by surging demand for the commodities.

The currency rose above $1 yesterday for the first time since November 1976. Gold rose to the highest in 27 years today, while crude oil set a record high yesterday. Commodities account for about half of Canada’s exports. 

(Source: Bloomberg)



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