Tuesday, 10 July 2007

Forestry firms irked by Canada bank rate hike

(Reuters) - The group said the strong Canadian dollar has made even the
most efficient lumber and paper mills struggle in export
markets, and contributed to a loss of 32,000 jobs in the forest
products industry since 2002.




The currency hit a 30-year high of C$1.0463 to the U.S.
dollar or 95.57 U.S. cents on Friday, benefiting from continued
strong economic data and high commodity prices.


Read more at Reuters.com Bonds News

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