Canadian Dollar trades at its highest level in 6 weeks versus U.S. Dollar

The Canadian currency was traded close to its highest level in a six-week period versus the U.S. Dollar on Wednesday after a report showed that trade deficit in Australia was smaller than originally estimated, which boosted the outlook for countries exporting commodities. The so-called Loonie advanced 0.1% to C$1.0134 after it reached C$1.0125 today and yesterday.