Canada Dollar Rises to Three-Decade High on Gains in Copper, Oil, Gold

(Bloomberg) -- The Canadian dollar rose to a
three-decade high as prices of the nation's commodity
exports advanced, boosting the currency's appeal.

The currency strengthened after crude oil, gold and
copper prices jumped with oil touching a $76 a barrel in
New York. Commodities account for about half of Canada's
exports.


Read more at Bloomberg Currencies News

Bear Stearns to be sued over subprime funds: CNBC

(Reuters) - According to CNBC, the lawsuit will allege Bear Stearns made material misrepresentations in offering documents, misrepresented risks of the hedge funds in those documents, and misrepresented its ability to control those risks.




Officials at Bear Stearns and Bernstein Litowitz did not immediately return requests for comment.


Read more at Reuters.com Bonds News

Argentina stocks down as US subprime worries weigh

(Reuters) - "On a bad day for international markets, the MerVal could
defend itself better, but it is always dependent on external
trends," said Ruben Pascuali, a trader at local brokerage
Mayoral.




Trade volume on the broad market was relatively heavy at
107.4 million pesos , 34 million pesos of which
involved trade of Banco Patagonia . Among active
shares, 46 advanced, 33 declined and 16 were unchanged.


Read more at Reuters.com Bonds News

Perry Ellis files for $200 mln debt, stock shelf

(Reuters) - Perry Ellis said it would use its net proceeds for debt
repayment, capital expenditures, working capital and other
general corporate purposes.




Under a shelf registration, a company may sell securities
in one or more separate offerings with the size, price and
terms to be determined at the time of sale.


Read more at Reuters.com Government Filings News

Hogs Post Biggest Weekly Gain Since March on China; Cattle Futures Climb

(Bloomberg) -- Hog futures in Chicago had the
biggest weekly gain in four months on speculation China may
import more U.S. pork to make up for a drop in domestic
supplies. Cattle rose.

China may have to buy as much as 100,000 additional tons of
pork worldwide after the spread of ``blue ear,'' a respiratory
disease in pigs, led to a culling of herds that drove domestic
pork prices up 75 percent in the past year. Hog futures surged
4.7 percent this week, the most since mid-March.


Read more at Bloomberg Commodities News

RPT-TREASURIES-Bonds rally on credit fears, stock slump

(Reuters) - By Richard Leong




NEW YORK, July 20 - The U.S. Treasury debt market
rallied on Friday, with benchmark yields falling to six-week
lows as investors flocked to government bonds from stocks and
other risky assets on fresh subprime loan and credit worries.


Read more at Reuters.com Bonds News

Crude Oil Falls From 11-Month High as Refiners Open Plants, Boost Output

(Bloomberg) -- Crude oil fell from an 11-month high
in New York on speculation that U.S. fuel stockpiles will
increase because refineries are opening units.

Exxon Mobil Corp., BP Plc and Valero Energy Corp. started
units at refineries in Texas over the past week. Prices rose 2.2
percent this week after the Energy Department reported that U.S.
fuel stockpiles declined last week as gasoline demand increased.
Total SA said it restored normal output from an oil field in
Angola after cutting production to make repairs.


Read more at Bloomberg Commodities News