Russia's central bank decided to start buying Canadian dollars on Wednesday, in an direct snub to both the precarious euro and dollar.
The market for the Canadian dollar is nowhere near the size of other major currency markets, so one imagines that if other central banks catch on in force, it could be great news for the loonie.
http://www.businessinsider.com/russian-central-bank-dives-into-the-canadian-dollar-as-its-new-reserve-currency-2010-1
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