Posted AT 5:15 PM EST on 13/09/07
Canadian dollar hits 30-year high
TORONTO — The Canadian dollar shot to a 30-year high versus the U.S. currency Thursday as commodity prices remained at lofty levels, while the greenback could not shake off expectations for a U.S. interest rate cut next week.
Bond prices ended lower as easing credit concerns allowed North American equity markets to rally and dampened the appetite for safe haven government debt.
The Canadian dollar closed at $1.0327 to the U.S.
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