Loonie touches highest level in month

Source: Bloomberg
© Scanpix/Reuters
The Canadian currency touched its strongest level in four weeks as the Canadian heavy oil's discount compared to U.S. benchmark narrowed, increasing growth forecasts. The Canadian Dollar appreciated 0.4% to C$1.0280 per U.S. Dollar as of 5 p.m. Toronto time, after it reached C$1.0255 per U.S. Dollar, the strongest since June 19. One Canadian Dollar buys 97.28 U.S. cents.
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