April 25th, 2012

Canadian dollar futures – Canada’s dollar strengthened to a seven-week high against its U.S, counterpart on speculation equities gains signal the global growth outlook is improving.

Canadian dollar futures rallied against most of its major peers and is headed for a 1.3 percent gain this month versus the greenback, trailing only the yen. Canada has the second-fastest gross domestic product growth after Germany among Group of Seven nations and may be the first to raise interest rates later this year, swaps trading shows.

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