Canadian Dollar Gains Most in Three Weeks After Payrolls Climb

Canada’s dollar gained the most in three weeks versus its U.S. counterpart after employment climbed in April almost six times faster than economists forecast, buoying the case for the central bank to raise interest rates.

The currency reversed an earlier decline that took it to almost a three-month low and pared a loss for the week. It rose against all of its 16 most-traded peers tracked by Bloomberg after Statistics Canada said payrolls grew over the past two months by the most in 30 years.