(Bloomberg) -- The Canadian dollar gained the most
in a week before a government report that analysts forecast will
show retail sales rose in May, bolstering speculation the
central bank will lift interest rates.
The currency strengthened against 14 of 16 major
currencies. Canada's dollar rose to 95.71 U.S. cents at 7:41
a.m. in Toronto from 95.35 U.S. on July 21. The currency climbed
to 96.14 U.S. cents on July 18, the highest since February 1977.
One U.S. dollar buys C$1.0448. The currency has gained 11.6
percent this year as the economy strengthened and commodities
prices surged.
Read more at Bloomberg Currencies News
in a week before a government report that analysts forecast will
show retail sales rose in May, bolstering speculation the
central bank will lift interest rates.
The currency strengthened against 14 of 16 major
currencies. Canada's dollar rose to 95.71 U.S. cents at 7:41
a.m. in Toronto from 95.35 U.S. on July 21. The currency climbed
to 96.14 U.S. cents on July 18, the highest since February 1977.
One U.S. dollar buys C$1.0448. The currency has gained 11.6
percent this year as the economy strengthened and commodities
prices surged.
Read more at Bloomberg Currencies News
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