Dollar climbs on weak U.S. currency

Article Abstract:

Industry analysts said that the strong Canadian dollar may be rising due to U.S. monetary policy whose goal is to aid the slow U.S. economy by weakening the U.S. dollar. The Canadian dollar reached 72.48 cents (U.S.) as Canadian financial officials considered cutting interest rates.

Commodity & service prices, Interest Rates, Labor Distribution by Employer, Prices and rates, Statistics, Dollar (United States), Company pricing policy

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Rising loonie seen hurting tech firms

Article Abstract:

The increasing strength of the Canadian dollar could have a negative impact on technology and software firms in Canada. Many of these companies pay their salaries in Canadian dollars and earn much of their revenues from the U.S.

Financial management, Computer software industry, Software industry, Economic aspects, Finance, Technology, Technology in education, Company financing

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