Canadian Dollar advances against its major peers

Source: Bloomberg
© scanpix/AFP

The Canadian Dollar traded up against the majority of its peers on advancing U.S. shares and growing risk appetite for higher-risk assets. The currency is forecast to extend more gains, exceeding its two-week high, as soon as the election is over. The Canadian Dollar surged 0.4% to 99.21 cents a dollar, after rebounding from its lowest level of C$1.0019.

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