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Canada's Dollar Reaches Record High on Fed Rate Cut Speculation

Nov. 6 (Bloomberg) -- Canada's dollar climbed to a record against its U.S. counterpart on speculation credit market losses will prompt the Federal Reserve to cut interest rates again this year.

The currency rose 0.7 percent to $1.0791 at 8:07 a.m. in Toronto as the U.S. dollar weakened against 15 of the 16 most- traded currencies.

Read the whole story (Bloomberg.com)