Canadaâ€™s dollar gained to a more than four-month high versus its U.S. peer as stocks and oil rose amid data suggesting U.S. job growth is accelerating and after European officials announced bond-purchasing plans.
The currency strengthened against the majority of its 16 most-traded counterparts after fewer Americans than forecast filed applications for unemployment benefits last week and ECB President Mario Draghi said policy makers had agreed on an unlimited debt-buying program. Canadaâ€™s dollar rose before reports tomorrow that are forecast to show the nationâ€™s employers added jobs in August after a decline the prior month.
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