(Bloomberg) -- Canada's dollar climbed to the highest
level in almost 30 years as the nation's economy strengthened,
fueling speculation the Bank of Canada will raise borrowing costs
in 2007.
The Canadian dollar is the second-best performer this year
among most-actively traded currencies as prices of the nation's
main commodity exports have surged. Data on inflation and
manufacturing this week exceeded economists' forecasts.
Read more at Bloomberg Currencies News
level in almost 30 years as the nation's economy strengthened,
fueling speculation the Bank of Canada will raise borrowing costs
in 2007.
The Canadian dollar is the second-best performer this year
among most-actively traded currencies as prices of the nation's
main commodity exports have surged. Data on inflation and
manufacturing this week exceeded economists' forecasts.
Read more at Bloomberg Currencies News
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