The dollar closes at a 2-month high

Article Abstract:

The Canadian dollar (loonie) rose one-quarter of a U.S. cent as renewed optimism in a North American economic recovery is in sight. The U.S. Federal Reserve Board lowered interest rates, and it is expected that the Bank of Canada will also lower interest rates one-quarter percentage point in January.

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Dollar slides half cent on rate worries

Article Abstract:

The Canadian dollar decreased to 64.61 US from 65.10 US on Mar 1, 2001, because of a faltering North American economy and concern about interest rate decreases.

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Dollar expected to climb above 70 cents

Article Abstract:

The Canadian dollar will rise to at least 70 cents (U.S.) in 2001 due in part to the easing of interest rates by the U.S. Federal Reserve Board.

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