CANADA FX-C$ rises to highest level in over 14 months

Wed Oct 14, 2009 3:47pm EDT
 
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 TORONTO, Oct 14 (Reuters) - The Canadian dollar zoomed to
its highest level in over 14 months against the U.S. dollar on
Wednesday as upbeat U.S. corporate results and economic data
whetted investors' appetite for riskier assets and underpinned
optimism about a global recovery.
 The Canadian unit CAD=D3 touched C$1.0251 to the U.S.
dollar, or 97.55 U.S. cents, its highest level since early
August 2008. On Tuesday, the unit finished at C$1.0365 to the
U.S. dollar, or 96.48 U.S. cents.
 (Reporting by Jennifer Kwan; Editing by Jeffrey Hodgson)

 

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