Canadian dollar hits 3-week record high

Source: Bloomberg
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On Friday Canadian national currency strengthened against its major counterparts as US data indicated economic recovery. On weekly basis loonie added 1.7% to C$1.0206 per one US Dollar, the largest weekly gain since the week ended December 2. C.J. Gavsie, foreign-exchange unit managing director at Bank of Montreal in Toronto expects Canadian Dollar to reach C$1.06 during the first 6 months of 2012. Currently USD/CAD is trading at C$1.0206.

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Tue, 27 Dec 2011 07:46:44 GMT

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