Categories

Archives

A sample text widget

Etiam pulvinar consectetur dolor sed malesuada. Ut convallis euismod dolor nec pretium. Nunc ut tristique massa.

Nam sodales mi vitae dolor ullamcorper et vulputate enim accumsan. Morbi orci magna, tincidunt vitae molestie nec, molestie at mi. Nulla nulla lorem, suscipit in posuere in, interdum non magna.

Loonie surges to another 10-year high

By Malcolm Morrison

A renewed wave of U.S. dollar selling sent the Canadian dollar up almost half a U.S. cent Friday to a new 10-year high.

The selloff also took the U.S. greenback to a record low against the euro and a five-year low against the British pound. The loonie closed at 76.98 cents US, up 0.49 of a cent and its highest point since November 1993. But that was still well off an early-morning high of 77.32 cents US.

The currency pulled back after new data pointed to a shaky economy – and speculation that the Bank of Canada may cut interest rates next Tuesday.

Read the original article at: The National Post

Comments are closed.