The currency strengthened for a fourth straight day versus its U.S. counterpart after Finance Minister Jim Flaherty said in an interview that China may be poised to buy Canadian dollars as it seeks to shield its reserves against the U.S. dollar’s decline. Commodities including crude oil, Canada’s biggest export, advanced.
The currency strengthened for a fourth straight day versus its U.S. counterpart after Finance Minister Jim Flaherty said in an interview that China may be poised to buy Canadian dollars as it seeks to shield its reserves against the U.S. dollar’s decline. Commodities including crude oil, Canada’s biggest export, advanced.