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In two months Loonie high stocks of & crude rally
Canadian dollar traded today the highest level in two months against its American counterpart as crude oil, key Canadian export, hit the highest level in eight weeks and global stocks gathered, more attractive currency tied to economic growth. The euro was able to overcome the Canadian currency.Crude oil for November delivery won as much as the 1.8 per cent to 82.93 dollars per barrel on the NYMEX, the highest level since August 4.The MSCI World Index had advanced from 1.9 per cent, reaching the highest level from 4 of other commodities, especially gold rally mayo.El also helped linked currencies growth, including the Canadian dollar.
Canada receives near half of income from export of commodities, including oil, wheat, copper, wood.The strong commodities market allowed the Canadian currency forward 4.5 per cent today, after the descent to the level lowest in six weeks on August 31.
USD/CAD was reduced to 1.0233 1.0166 as 19: 03 GMT today once reached the intraday cambio.EUR/CAD rose 1.4006 to 1.4077, of falling to the 1.3964 intraday
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