The Canadian dollar gained 0.3 percent to 99.02 US cents in early morning trading in Toronto this morning. The loonie as the Canadian dollar is known, gained on most of the major currencies on speculation that demand for Canada’s exports will increase as economies strengthen.
This article is for general information purposes only. It is not investment advice or a solution to buy or sell securities. Opinions are the authors; not necessarily that of OANDA Corporation or any of its affiliates, subsidiaries, officers or directors. Leveraged trading is high risk and not suitable for all. You could lose all of your deposited funds.