By Chris Fournier
Aug. 28 (Bloomberg) -- Canada's currency was little changed, paring an earlier decline, after a government report showed the nation's current account surplus widened.
Canada's dollar traded at C$1.0457 per U.S. dollar at 9:03 a.m. in Toronto, from C$1.0459 yesterday. One Canadian dollar buys 95.63 U.S. cents.
Receipts from outside Canada exceeded payments sent abroad by C$6.8 billion ($6.5 billion) between April and June, compared with a revised C$4.5 billion surplus in the first quarter, Statistics Canada said today in Ottawa. Economists surveyed by Bloomberg predicted a C$8 billion surplus.
To contact the reporter on this story: Chris Fournier in Montreal at cfournier3@bloomberg.net
Thursday, August 28, 2008
Canada's Dollar Is Little Changed After Current Account Report
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