Canadian Dollar at the highest level in three months amid U.S. cliff deal

The loonie advanced to a tree-month high versus the greenback as the U.S. House launching a deficit-reduction plan to avert automatic tax increase and prevent the threat of the U.S. economy's recession. The Canadian Dollar strengthened versus the majority of its main counterparts after the approvement of budget deal by the U.S. House and climbed 0.9% to 98.49 cents per greenback.