(Bloomberg) -- Canada's dollar rose, ending its two-
week losing streak, as crude oil prices touched a record high,
and economic growth accelerated in May.
Canada's currency has gained this year as the Bank of
Canada raised interest rates to stem inflation and cool the
expanding economy. The currency, up more than 11 percent against
the U.S. dollar this year, is the second-best performer among 16
most actively traded currencies, trailing only Brazil's real.
Read more at Bloomberg Currencies News
week losing streak, as crude oil prices touched a record high,
and economic growth accelerated in May.
Canada's currency has gained this year as the Bank of
Canada raised interest rates to stem inflation and cool the
expanding economy. The currency, up more than 11 percent against
the U.S. dollar this year, is the second-best performer among 16
most actively traded currencies, trailing only Brazil's real.
Read more at Bloomberg Currencies News
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