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Industry: Email Alert RSS FeedCanadian Forex Midday: C$ Firms, But Off Earlier Level.
Resource News International, March, 2008
Byline: Resource News International
WINNIPEG, MB, Mar 11, 2008 (Resource News International via COMTEX) -- The Canadian dollar was trading at a firmer level versus the US dollar at midday on Tuesday but has fallen from levels seen earlier in the session. Strong domestic data and a coordinated move by central banks to ease the global liquidity crises contributed to the advances of the Canadian currency, market watchers said.
On Tuesday, the US Federal Reserve, the Bank of Canada, the Bank of England, the European Central Bank and the Swiss National Bank all announced measures designed to boost liquidity in credit markets and ease concerns about the health of the global economy.
The Bank of Canada, for its part, said it would hold two term...
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