Loonie hits highest value of the year above 77 cents US
Source: March 30, 2016 CBC News
The Canadian dollar rose above 77 cents US on Wednesday, a day after U.S. Federal Reserve chair Janet Yellen brought the U.S. currency back down to Earth with her comments on the American economy.
The loonie, as it’s known, closed at 77.17 cents US, up by .68 of a cent. Earlier in the day the loonie was at 77.44 cents US, its highest level since October.
The loonie’s gain comes despite a slightly down day for oil, which lost three cents to trade at $38.25 US a barrel. Read more