Canadian dollar holds near 11-day high as Chinese data boosts sentiment GlobeInvestor
The Canadian dollar was nearly unchanged against its U.S. counterpart on Monday, steadying near an earlier 11-day high as oil prices rose and a surprise recovery in China factory activity boosted investor sentiment.
At 9:19 a.m. , the Canadian dollar was trading nearly flat at 1.3346 to the greenback, or 74.93 U.S. cents. The currency touched its strongest intraday level since March 21 at 1.3339.The nearly two-week high for the loonie came after data on Friday showed surprising strength in the domestic economy. The loonie declined 1.3 per cent in March but was up 2.2 per cent for the first quarter, the best performance in the G10.
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