(Bloomberg) -- The Canadian dollar rose the most in
two weeks on expectations that higher interest rates and mergers
and acquisitions inflows will support the currency.
``The Canadian dollar is well bid, and will probably
continue to do very well in the short term,'' said Firas Askari,
head of trading at BMO Capital Market in Toronto. According to
BMO estimates, companies would need about C$12 billion to C$13
billion by the middle of next month to fund their acquisitions.
Read more at Bloomberg Currencies News
two weeks on expectations that higher interest rates and mergers
and acquisitions inflows will support the currency.
``The Canadian dollar is well bid, and will probably
continue to do very well in the short term,'' said Firas Askari,
head of trading at BMO Capital Market in Toronto. According to
BMO estimates, companies would need about C$12 billion to C$13
billion by the middle of next month to fund their acquisitions.
Read more at Bloomberg Currencies News
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