Loonie advances as IMF consider classifying it as reserve currency

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Source: Bloomberg
© Scanpix/AFP
Canada's Dollar strengthened the most in a month versus the U.S. peer as the IMF considers classifying the Lonnie and Aussie as reserve currencies. The Canadian Dollar gained 0.5% to 99.63 cents per greenback after advancing as much as 0.6%, the most since October 17. The Loonie traded below parity with the U.S. Dollar last week and touched the lowest level since August. One Canada's Dollar buys $1.0037.
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