TRADE, EXCHANGE RATES AND BUDGETS
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TRADE, EXCHANGE RATES AND BUDGETS The euro continued on its downward path, despite the European Central Bank's move to raise interest rates last week: the European currency hit new lows against both the dollar and the yen. The Swiss franc also fell to an 11-year low against the dollar. Canada's current-account surplus increased to $5.8 billion in the year to the second quarter.
This article appeared in the Economic & financial indicators section of the print edition under the headline “TRADE, EXCHANGE RATES AND BUDGETS”