BMO holds Canadian dollar award for second year running
Much like other commodity currencies, the Canadian dollar has benefitted from safe-haven flows in recent years, and Bank of Montreal (BMO) has sought to promote itself as the first port of call for international clients looking to diversify their currency holdings.
The Canadian dollar has strengthened steadily since early June, with USD/CAD falling from 1.04 to a low of 0.96 in mid-September, according to data from Thomson Reuters. The pair has since been close to parity, trading at 1.0014 on
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