Economics
Canada Dollar Reaches Highest Since May 2008 on Economic Growth
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Canada’s dollar reached the strongest level since May 2008 as the nation’s economy and employment grew more than forecast, boosting confidence in the recovery.
The Canadian currency rose the most in two months against the U.S. dollar this week after two straight weekly declines. The loonie, as the currency is known for the image of the waterfowl on the C$1 coin, gained against most of its major counterparts as oil, the nation’s largest export, reached a two-year high.