Canada Dollar Reaches Highest in Month on Smaller Oil Difference

The Canadian dollar reached its highest level in a month as the discount on Canadian heavy oil compared with the U.S. benchmark narrowed from its widest in more than two months, boosting growth prospects.

Crude oil, the nation’s largest export, was little changed, remaining above $100 a barrel for a 16th straight day in New York. Average weekly earnings picked up speed in May with a 2.5 percent increase compared with a 2.2 percent increase the month before, Statistics Canada reported.