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Canadian dollar climbs eight cents in May

The Canadian dollar has climbed eight cents during the month of May, bringing it up to 91.60 cents US.
Donna Hopper
BreakingNews

The Canadian dollar has climbed eight cents during the month of May, bringing it up to 91.60 cents US.

But according to Finance Minister Jim Flaherty and other analysts, this could be cause for concern because of its impact on exports and manufacturing.

The dollar's growth is due in part to stronger Canadian stock markets, higher oil prices and a weakening US dollar.

For more on this breaking story, please refer to your preferred online or broadcast source for financial news.

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