1. The Canadian dollar is strengthening against the U.S. dollar. 2. For example, most eurodollar, euroyen, Canadian dollar and Australian dollar eurobonds are issued out of London. 3. The Canadian dollar fell by nearly a cent against the US dollar in nervous overnight trading once media reports of his imminent resignation circulated on world financial markets. 4. Also, declining issues may be offset an expectation that the Bank of Canada is confident it can cut interest rates further without weakening the Canadian dollar. 5. Also holding back bonds has been the struggling Canadian dollar, traders said. 6. American banks have been reluctant to keep too much money in Canada because of the risk of fluctuations in the value of the Canadian dollar. 7. An independent Quebec would also maintain use of the Canadian dollar as its currency, he said. 8. And because of the strength of the US dollar vs. the Canadian dollar, these wines are underpriced. 9. Any U.S. rate increase later in the year may prompt the Bank of Canada to raise its own rate to support the Canadian dollar. 10. Another slide in the Canadian dollar led to higher yields on fixed-income securities maturing in five years or less. |