Canadian dollar: another safe haven for investors

Note: This section contains information in English only.
Source: Bloomberg
© Scanpix/Reuters

Canadian dollar is becoming another safe haven for forex traders amid European debt woe and US uncertainty with deficit cuts and political gridlock. Loonie who underperformed most of its major counterparts in until August, has recovered and outpaced all except Japanse yen and US dollar. Canada which is AAA rated may be the only country among G-10 that increases benchmark interest rates next year. 

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