«I wouldn't be surprised to see more interest in
Canadian dollar reserves,» said Dan Katzive, director of foreign exchange strategy at Credit Suisse in New York.
Not exact matches
While foreign interest in the loonie bodes well for
Canadians who shop south of the border, it will also jolt Canada's fixed - income markets as
reserve managers buy liquid debt securities with the
Canadian dollars they own.
With the euro no longer a viable option, she thinks the
Canadian and Australian
dollars are the two best choices for
reserve managers who are looking to diversify.
Today, it's perched atop global currency markets as Canada wins acclaim for its economic outlook and handling of the public debt, a point driven home Wednesday when a Russian Central Bank official confirmed that the
Canadian dollar would be added to its international
reserves.
It seems more likely Beijing would consider taking over foreign businesses, especially given its largest US$ 1.9 trillion foreign exchange
reserve in the world, and the appreciation of its currency by 9 % y - o - y against the US
dollar, or 40 % y - o - y against the
Canadian dollar, or over 20 % against both currencies since July 21, 2005 when the Chinese central bank allowed its RMB to float.
Resorts of the
Canadian Rockies makes every effort to anticipate costs at time of travel, however, in the event of unanticipated increase in fuel costs or taxes or where there are changes in the
Canadian Dollar or foreign currencies, RCR
reserves the right to charge guests for a those increases.