The demand for the Canadian currency

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January 5th, 2008 by admin

Have you ever heard the term ‘loony’? This is the nickname that refers to the Canada Currency exchange rates. The demand for this currency is linked to the healthy demand for commodities such as gold and oil. Canada is a commodity producing country and has recently benefited from the worldwide demand from countries such as China that are keen to secure Canadian assets and invest in Canadian companies. In fact, the Canadian currency has surpassed parity with the US exchange rate making it a strong currency on the international markets.

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