CANADA FX-C$ hits 2-month high after stress test results

Fri Jul 15, 2011 12:19pm EDT
 
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 TORONTO, July 15 (Reuters) - The Canadian dollar
strengthened to a 2-month high against the U.S. currency on
Friday, following results of a "stress test" that showed eight
European banks are not strong enough to withstand a prolonged
recession.
 The Canadian dollar rose as high as C$0.9520 to the U.S.
dollar, or $1.0504, well above Wednesday's North American
finish of C$0.9610, or $1.0406.
 (Reporting by Jeffrey Hodgson; editing by Rob Wilson)