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Industry: Email Alert RSS FeedCanadian Dollar And Business Outlook.
Resource News International, December, 2007
Byline: Resource News International
WINNIPEG, MB, Dec 17, 2007 (Resource News International via COMTEX) -- The Canadian dollar was trading at a firmer level versus the US dollar on Monday morning. Despite US dollar strength, the Canadian currency was able to firm as a result of cross-trading, mainly with the Australian dollar and the euro, market watchers said.
At 10:02 CDT on Monday morning, the Canadian dollar was trading at 99.34 US cents or C$1.0066, up from Friday's close of 98.37 US cents or C$1.0165.
According to market watchers, the Canadian unit continues to receive support from friendly technical signals rather than strong Canadian economic fundamentals.
Trading activity was magnified Monday as fund managers and investors...
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