Canadian Dollar Rises to Highest Since 2008 on Weekly Oil Rally

Canada’s currency climbed to its strongest level in almost three years against its U.S. counterpart as crude oil, the nation’s biggest export, had its biggest weekly gain since 2009.

The loonie, as the Canadian currency is known for the image of the aquatic bird on the C$1 coin, was poised for a 2.4 percent monthly increase versus the U.S. dollar before the Bank of Canada’s meeting next week.