Canada dollar appreciates on rising risk appetite in the U.S.

© Scanpix/AFP

The Canadian dollar appreciated against most of its trading counterparts after data showed the U.S. employment increased more than expected. The loonie rebounded from almost quarterly low against the greenback as the U.S. manufacturing gauge surged, hence favouring risk appetite. Canada's currency advanced 0.3% to 99.65 cents per dollar and edged above its 200-day moving average of 99.94 cents.