Canadian Dollar Advances Versus U.S. Peer Before Employment Data
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Canada’s dollar gained to a four-month high versus its U.S. peer before reports forecast to show the nation’s employers added jobs in August after a decline the prior month.
The currency strengthened against the yen before a U.S. monthly payroll report and after industry data yesterday showed American companies hired more workers last month than analysts predicted. The Canadian dollar rose with crude-oil and stocks after ECB President Mario Draghi yesterday said policy makers had agreed on an unlimited debt-buying program.