Real estate blog entries tagged with canadas central bank by VERICO Designer Mortgages Inc.

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Home : Blogs : Gina Burgio : Gina Burgio, Mortgage Agent : Tag "canadas central bank"

canadas central bank: Canada’s Dollar Appreciates as Crude Oil Rises, Equities Gain - 05/04/10 08:50 AM

On May 3 Canada’s dollar rose versus the greenback as U.S. stocks climbed, crude oil reached $87 a barrel and gold touched the highest level since December.
The currency has been the second-best performer this year among the U.S. dollar’s 16 most-traded counterparts, trailing Mexico’s peso, on speculation Canada’s central bank will raise borrowing costs either at its next policy meeting on June 1 or the following one in July.
The currency appreciated 0.7 percent to C$1.0107 per U.S. dollar at 4:12 p.m. in Toronto, extending its gain in 2010 to 4.2 percent. It closed at C$1.0179 on April 30. One … (0 comments)

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