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Canadian Dollar Erases Loss on Optimism About Crude Oil Rebound
By Cordell Eddings
Aug. 1 (Bloomberg) -- Canada's dollar erased losses as the price of crude oil rebounded.
The currency rose 0.04 percent to C$1.0241 per U.S. dollar at 12:47 p.m. in Toronto, from $1.0246 yesterday. One Canadian dollar buys 97.64 U.S. cents.
To contact the reporter on this story: Cordell Eddings in New York at ceddings@bloomberg.net
Last Updated: August 1, 2008 12:50 EDT
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