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Canada’s dollar gains as weak greenback spurs commodity demand

Posted on 20 February 2009

From Bloomberg: Canada’s currency gained for a second day on speculation a weaker U.S. dollar will drive investor demand for commodities such copper and oil as a hedge against potential inflation.

“The story now is more about U.S. dollar weakness,” said Eric Lascelles, chief economics strategist at TD Securities Inc. in Toronto…… Full Article: Source


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