Canadian Dollar Rises on Boost in Risk Demand Before Greece Vote
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Canada’s dollar rose against the majority of its most-traded counterparts as stocks and commodities rallied before a government confidence vote in Greece that may determine whether it avoids default.
The currency, sometimes called the loonie, advanced to the strongest level against the greenback in almost a week as oil, Canada’s biggest export, rose. The greenback fell on reduced safety demand on speculation Greece’s Prime Minister George Papandreou will win a confidence vote, supporting the euro.