Market News
Canadian dollar posts 11-day high as investor sentiment improves - REUTERS
By Fergal Smith
Summary
- Canadian dollar gains 0.6% against the greenback
- Touches an 11-day high at 1.4276
- Home sales tumble 9.8% in February
- Bond yields ease across the curve
TORONTO, March 17 (Reuters) - The Canadian dollar strengthened to an 11-day high against its U.S. counterpart on Monday as equity markets rallied and investors cheered China's plan to stimulate consumption.
The loonie was trading 0.6% higher at 1.4280 per U.S. dollar, or 70.03 U.S. cents, after touching its strongest intraday level since March 6 at 1.4276.
