Commodity Risk Lifting Canadian Dollar

The Canadian dollar is gaining as a result of additional risk play pushing commodity prices higher. Canada is a major supplier of commodities and raw resources and stands to gain on an increase in global demand for these exports.

The Canadian dollar traded at 98.67 cents per U.S. dollar at 8:33 a.m. in New York, compared with 98.73 cents on Feb. 4. One Canadian dollar buys $1.0135. The loonie appreciated 0.1 percent to 83.32 yen, from 83.24.

Source: Bloomberg

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