The Canadian dollar is bouncing higher again today, moving in a wide range to best the 83-cent mark. It’s largely because of a weaker U.S. currency, rather than anything to do with Canada, however.
The loonie touched a high of 83.31 cents U.S. today, and a low of 82.43 cents., hovering below the 83-cent mark by late afternoon. Greg Moore, senior currency strategist at RBC Dominion Securities, said the main driver of today’s bounce played the major role...............................................Full Article: Source
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