« Trademarks of a Dangerous Government | Main | Love a Smoker? Show Them This! »

November 6, 2007

Find a Penny, Save a Bit More

And to think that someone once told me I was wasting my time saving Canadian pennies.

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)

Posted by Craig in Industry and Other and Society / Politics

Comments

Post a comment

Name:

Email Address:
(required; will not be shown publicly)

URL:
(optional; will be shown publicly)
Remember Me? YesNo

Comments: (you may use HTML tags for style)