Canadian Dollar Rises on Improving Economy in U.S.

© Scanpix/AFP

Canadian Dollar reached the highest level since November 7 versus the U.S. Dollar, country's main trade partner, amid concerns that the U.S. will manage to avoid fiscal cliff. Canada's currency traded at 99.26 cents per U.S. Dollar, following gain to 99.06 cents on November 27, a three-week high. Canadian Dollar appreciated 0.8% versus the U.S. counterpart this month and currently buys $1.0075.