The Canadian currency, nicknamed the loonie for the aquatic bird on the C$1 coin, strengthened as much as 1.6 percent to C$1.0672 per U.S. dollar, the biggest intraday advance since Sept. 4, before trading at C$1.0699 at 3:05 p.m. in Toronto. It closed yesterday at C$1.0846. One Canadian dollar purchases 93.47 U.S. cents.
The loonie was headed for a 2.3 percent advance this month after a 1.5 percent loss in August. It gained 8.9 percent in the third quarter and was 14 percent higher for the year.
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