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Industry: Email Alert RSS FeedCanadian Forex Midday: C$ Firms On Heels Of Buffet's Offer.
Resource News International, February, 2008
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Byline: Resource News International
WINNIPEG, MB, Feb 12, 2007 (Resource News International via COMTEX) -- The Canadian dollar was trading at a firmer level versus the US dollar at midday on Tuesday. News that Berkshire Hathaway made an offer to the three top bond insurers to reinsure US$800-billion in municipal bonds calmed fears about financial markets and helped to strengthen the Canadian unit, market watchers said.
On Tuesday, American billionaire Warren Buffet, chairman and chief executive of Berkshire Hathaway Inc., said the company has offered to assume the liabilities ...
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