Exchange Rates ñ Strong Canadian Dollar

The Bank of Canada summarized exchange rates for the first week of June in its most recent Weekly Financial Statistics. The Canadian dollar effective exchange rate index (CERI) continues to hold at approximately 1.21. The CERI has replaced the C-6 index as the Bank of Canada's new measure of the value of the Canadian dollar compared to the currencies of its most important trading partners.

June 8^th saw the Canadian dollar valued at $1.0207 against the U.S. greenback, $1.4266 as compared to the Euro, $1.6020 for 1 British pound, $1.1687 Swiss francs and 0.012240 as measured in Japanese Yen.

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