Loonie posts a first weekly gain in almost two months

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Source: Bloomberg
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Canadian currency strengthened versus greenback and recorded a first weekly gain in almost two months after central bank curbed expectations about benchmark rate reduction. Moreover hiring in Canada accelerated more than projected in May. Loonie appreciated 1.4% last week to CAD 1.0266. Currently USD/CAD is trading at CAD 1.0205.  
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Mon, 11 Jun 2012 06:53:36 GMT

Oil gains after Spanish bailout

Crude oil hit the five-month record high on speculation demand for fuel accelerate after Spain received a rescue loan from European governments. Moreover Chinese imports of oil reached a record high. July crude climbed by USD 2.54 to USD 86.64 a barrel. Brent oil to be delivered in July rose USD 1.98 to USD 101.45 a barrel. 

Mon, 11 Jun 2012 07:37:36 GMT

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