Canada's Dollar Strengthens as Crude Oil Prices Rise to Highest in a Year

(Bloomberg) -- Canada's dollar rose for the first
time in five days as oil prices soared to the highest in a year,
boosting the currency's appeal.

The currency also benefited as equity markets worldwide
rebounded as concern eased that tighter credit standards will
slow growth. The currency is on pace for a sixth straight
monthly increase, fueled by higher prices of the nation's main
commodity exports. Commodities account for about half of
Canada's exports.


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Canadian Dollar Drops From 30-Year High as Prices of Commodities Decline

(Bloomberg) -- The Canadian dollar fell from a 30-
year high as the U.S. counterpart gained and prices of the
nation's commodity exports declined.

Commodities account for about half of Canada's exports. The
U.S. dollar rose against 12 of 16 major currencies.


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Canada's Dollar Advances on Speculation Interest Rates Will Keep Rising

(Bloomberg) -- Canada's dollar rose to within a cent
of a 30-year high versus its U.S. counterpart on speculation the
Bank of Canada will keep raising its interest rates.

The Canadian currency has climbed 10 percent this year as
higher crude prices, which have risen 17 percent in the same
period, boost the nation's growth. Commodities including oil make
up about half of Canada's exports. The currency may extend gains
before a report tomorrow that's forecast to show Canadian
building permits rose last month.


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Canada's Dollar Reaches Highest in Almost Two Weeks on Increase in Oil

(Bloomberg) -- The Canadian dollar rose to the
highest in almost two weeks on speculation an advance in crude
oil will lift the country's economic growth.

Investors also pushed up the Canadian dollar against the
yen as a rebound in Asia and European stocks encouraged
investors to seek higher-yielding assets funded by loans in
Japan, a practice known as the carry trade. Commodities
including oil make up about half of Canada's exports.


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Canada's Dollar Declines Versus U.S. as Oil Falls, Dims Growth Outlook

(Bloomberg) -- The Canadian dollar fell against the
U.S. currency as crude oil declined, dimming the prospect of the
country's economy.

Commodities including oil make up half of Canada's exports.
Copper and platinum also dropped today. The Canadian currency
dropped for a third day against the yen, the longest losing
streaks since March, as investors pared holdings of riskier
assets funded by loans in Japan, known as the carry trade.


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