It touched a 30-year high and approached parity earlier today amid investor optimism the housing slump in the U. S Federal Reserve being aggressive in cutting rates and the Bank of Canada looks to be on hold for now, I don't expect the Canadian dollar to stop there,'' said Steve Butler, director of foreign exchange trading at Scotia Capital Inc. The currency declined against 11 out of 16 most actively traded currencies, dropping the most, 1 percent, against the New Zealand dollar. The yield on the benchmark two-year Canadian government bond rose 3 basis points, or 0. read more
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