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Loonie in Hottest Streak Since 1970 as U.S. Dollar Retreats

  • Better-than-expected jobs and trade data also help currency
  • Analysts still expect loonie to weaken to C$1.36/USD in 2017
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QuickTake: Strong Dollar's Mixed Blessing

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The Canadian dollar is off to its best annual start since it became a floating currency in 1970 amid a pullback in the U.S. currency and signs the economy is picking up speed.

The loonie has rallied 3 percent this year, part of a broad-based surge against the U.S. dollar, which has wilted amid a revaluation of growth prospects under a Trump administration.