(Bloomberg) -- Canada's dollar approached a 30-year
high after a report showed building permits climbed 21 percent
in May to a record.
A strengthening economy fuels speculation that the Bank of
Canada may raise interest rates more than once. Policy makers
next meet on July 10. The currency traded at 94.57 U.S. cents at
9:09 a.m. in Toronto. One U.S. dollar buys C$1.0573. The
Canadian dollar reached a 30-year high of 95.51 cents on June
29.
Read more at Bloomberg Currencies News
high after a report showed building permits climbed 21 percent
in May to a record.
A strengthening economy fuels speculation that the Bank of
Canada may raise interest rates more than once. Policy makers
next meet on July 10. The currency traded at 94.57 U.S. cents at
9:09 a.m. in Toronto. One U.S. dollar buys C$1.0573. The
Canadian dollar reached a 30-year high of 95.51 cents on June
29.
Read more at Bloomberg Currencies News
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