Canada Dollar Climbs for Fourth Day on Central Bank View

Canada’s dollar strengthened to a 13-month high versus its U.S. counterpart, on optimism measures by policy makers in the U.S. and Europe will reduce volatility.

The currency gained for a fourth day as the Federal Reserve prepares to begin a two-day policy meeting where investors anticipate it will announce a third round of bond buying, known as quantitative easing, to spur the economy. A German court cleared the way for a ruling tomorrow on a European bailout plan. The anticipated price swings versus the U.S. dollar were almost the lowest in five years, according to options pricing.