“Canada’s dollar strengthened versus its U.S. counterpart as speculation the Federal Reserveand Chinese government will take steps to boost economic growth spurred demand for higher-risk assets.
The currency was headed for a second straight weekly gain on speculation the Bank of Canada will be the first among Group of Seven counterparts to raise interest rates. Stock-index futures rose and crude oil climbed above $91 a barrel. Statistics Canada will report today that wholesale sales rose 0.2 percent in May, according to the median of 16 forecasts compiled by Bloomberg.”
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