Loonie appreciates most in 12 months

Source: Bloomberg
© Scanpix/Agence France-Presse
The Canadian currency strengthened the most in 12 months versus its U.S. counterpart as the U.S. manufacturing data missed expectations, damping the bets that the Fed will scale back the stimulus. The Canadian Dollar gained 0.9% to C$1.0278 per U.S. Dollar as of 5 p.m. Toronto time after rising 1.1%, the biggest advance since June 29, 2012.
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