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Canadian economic aftershocks from Toronto summit spark dollar caution
The Toronto summit sparked a currency rethink as the U S dollar rose against the yen from about 125 to 134. Bank of Commerce economist Bengt Gestrin warns of false optimism and a potential dollar drop that could lift interest rates. Canadian dollar strength and Japan's real estate mania add to concerns about global markets and budgets.
MENTIONED IN THIS ARTICLE
Toronto
U.S
Bank of Commerce
Bengt Gestrin
Metro Toronto
Gestrin
Canada