The Canadian dollar extended its winning ways over its US counterpart rising 0.1 percent to US$1.0050. The loonie is benefiting from improving growth and employment numbers both at home and in the US which accounts for about 75 percent of Canadian exports.
Ã¢â‚¬Å“On days like today when you get the pure U.S. dollar strength, it tends to take Canada with it,Ã¢â‚¬Â Adam Cole, head of global currency strategy at Royal Bank of Canada, said by phone from London. Ã¢â‚¬Å“ItÃ¢â‚¬â„¢s a story that I like a lot; if youÃ¢â‚¬â„¢re bullish on U.S. growth, buy Canada.Ã¢â‚¬Â
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