The loonie's strong performance as of late is the most notable since this past January.
"We've had a good week, certainly not necessarily keeping up as well as some of the other currencies, but I think at the end of the day Canada has done well, and I would expect maybe a bit of consolidation today as we wait for the employment data out of both Canada and the U.S. tomorrow," foreign exchange trading director Steve Butler with Scotia Capital told Reuters on Thursday.
The monetary unit also benefited from Thursday Spanish government bond sale results that were considered decent, Reuters reports. The nation is toiling to prevent significant damage from the sovereign debt scourge.
Wednesday's healthy performance of the Canadian dollar was linked to the agreement among six central banks, one of which is the U.S. Federal Reserve, to ease restrictions on borrowing as one strategy of controlling the euro zone debt scourge.
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