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Canuck buck still strong
The loonie is staying ahead of the American greenback and was worth just under 106 cents US on Wednesday.
The Canadian dollar gained about 0.8 of a cent over the past week and closed at 105.39 cents US on Wednesday after peaking slightly higher on Tuesday.
The American dollar is losing ground against a number of international currencies.
Currencies in Australia, Singapore, and Switzerland all saw gains against the U.S. buck on Wednesday as Washington lawmakers remain at a standoff over the pending debt crisis.
If American legislators don't agree to extend the debt ceiling by the August 2 deadline, the country will likely begin to default on its debts and could lose its top credit rating.
Read the full article here.
The loonie is staying ahead of the American greenback and was worth just under 106 cents US on Wednesday.
The Canadian dollar gained about 0.8 of a cent over the past week and closed at 105.39 cents US on Wednesday after peaking slightly higher on Tuesday.
The American dollar is losing ground against a number of international currencies.
Currencies in Australia, Singapore, and Switzerland all saw gains against the U.S. buck on Wednesday as Washington lawmakers remain at a standoff over the pending debt crisis.
If American legislators don't agree to extend the debt ceiling by the August 2 deadline, the country will likely begin to default on its debts and could lose its top credit rating.
Read the full article here.