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Commodities Briefing - Categorized | Currencies, Market Moves more

Canada’s currency appreciates as crude oil, gold prices gain

Posted on 30 December 2008

From Bloomberg: Canada’s dollar rose for the first time in three days as crude oil advanced on bets a conflict between Israel and Hamas could disrupt supplies and gold climbed as investors sought a haven.

“People are keeping an eye on what’s happening in the Middle East,” said George Davis, Toronto-based chief technical analyst at RBC Capital Markets. The increase in crude oil prices is “underpinning the Canadian dollar,” he said….. Full Article: Source


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