Thursday, July 12, 2007

Canada Dollar Rises on Speculation Company Acquisitions to Boost Demand

(Bloomberg) -- The Canadian dollar rose for the
first time this week on speculation that acquisitions of
Canadian companies will increase demand for the currency.

Rio Tinto Group, the London-based miner, agreed to buy
Montreal-based Alcan Inc. for $38.1 billion to form the world's
biggest aluminum maker.


Read more at Bloomberg Currencies News

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