Canadian Dollar Post Fifth Weekly Increase on Growth Optimism – Businessweek

August 10, 2012
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Canadian Dollar Post Fifth Weekly Increase on Growth Optimism
Businessweek
The Canadian dollar gained for a fifth consecutive week against its U.S. counterpart on speculation growth will be sustained even after the economy unexpectedly shed jobs last month. Canada's currency posted its longest winning streak since October ... The Bank of Canada will raise its 1 percent overnight target rate by a quarter-percentage point by the second quarter of 2013, according to the weighted forecast in a Bloomberg survey of 21 economists. A report earlier saying China's export growth collapsed and ...

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