Friday, July 6, 2007

Canadian Dollar Hits 30 Year High

Canadian Dollar Rallies To 30 Year High
TORONTO (Reuters) - The Canadian dollar pushed to a 30-year high against the greenback on Friday, supported by strong employment data, firm oil prices and expectations of a rate hike by the Bank of Canada next week. At mid-morning, the currency touched C$1.0463 to the U.S. dollar, or 95.57 U.S. cents, up from C$1.0567 to the U.S. dollar, or 94.63 U.S. cents at Thursday's close.

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