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Canada Dollar Gains After Touching a Three-Week Low on Outlook

Canada’s currency rose from a three-week low that it touched as commodity and stock declines and signs of a waning global economic recovery dimmed the appeal of currencies tied to growth.

“The Canadian dollar has seemed to claw back some ground,” Eric Lascelles, chief economics and rates strategist at Toronto-Dominion Bank in Toronto. “The Canadian dollar fell a long, long way, and there’s still some second-guessing going on.”