Canadian Dollar Gains on Oil

The Canadian dollar – known as the “loonie” – gained more than half a percent on its US counterpart today, appreciating to C$1.0663 per U.S. dollar at 8:19 a.m. in Toronto, from C$1.0711 yesterday. One Canadian dollar buys 93.79 U.S. cents. The increase is due mostly to an increase in oil prices as well as a big jump in the earnings for RIM, the Canadian-based manufacturer of the Blackberry.

Bloomberg

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