Loonie lifted by acquisition deal

Source: WBP Online
© Scanpix/FP
The Canadian Dollar climbed up against its U.S. namesake to the four week high after the news on the Burger King and Tim Hortons multi billion dollar deal came out. The major deal, backed by the world's famous investor Warren Buffet, boosted demand for the Loonie, helping it to gain 0.72% to end at C$1.0870. Additionally, investors are anticipating Canadian GDP report on Friday, predicting monthly growth of 0.2%. Furthermore, next Wednesday the Bank of Canada is releasing its decision on interest rate, which is expected to affect the Loonie's value.
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