Exchange Rates

Commodities Push Canadian Dollar Higher

Posted by Scott Boyd at 9:24 am UTC, 11/04/2010

Increased demand for commodities and a weaker US dollar stemming from yesterday’s confirmation that the Federal Reserve will engage in further quantitative easing, helped lift the Canadian dollar closer to US dollar parity. The Canadian dollar was up nearly half a cent in European trading to 99.79 cents US this morning.

Source: The Canadian Press

Filed under: Forex Round Up, CAD

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