Canada Dollar Reaches 1-Month High as Crude-Oil Bolsters Outlook
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The Canadian dollar reached a one-month high as crude oil, the nation’s largest export, remained above $100 per barrel for the 18th day.
The currency rose against the majority of its most-traded peers before Canada may report on July 31 the economy grew 0.3 percent in May from 0.1 percent the month before, according to a Bloomberg survey of 18 economists. Last week, the country reported May retail sales grew at the fastest pace in three years.