Weak greenback benefits Scotia
Scotia Capital has held a long-term bullish stance on the Canadian dollar, a view that was rewarded when USD/CAD fell by 9.5% between the end of January and June this year.
"We believed the established USD/CAD trend and a solid fundamental backdrop – including rising oil prices – would keep the Canadian dollar supported throughout 2007," said Sutton. "In addition, a large number of headline-grabbing merger and acquisition announcements and a broad US dollar weakness looked favourable for the
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