Tuesday, April 6, 2010

Canadian Dollar Reaches Parity with US Dollar

Strauss Sees Canada's Dollar Near Parity for `Some Time'

April 6 (Bloomberg) -- Matthew Strauss, senior currency strategist at Royal Bank of Canada, talks with Bloomberg's Margaret Brennan about the performance of the Canadian dollar and outlook for the currency. Canadas dollar was worth more than the U.S. currency for the first time since July 2008 on the back of the rising price of crude oil and the prospect of higher interest rates. (Source: Bloomberg)