June 6, 2012 / 3:43 PM / 5 years ago

CANADA FX DEBT-C$ rallies on Europe hopes

1 Min Read

TORONTO, June 6 (Reuters) - Canada's dollar rallied against
its U.S. counterpart on Wednesday, along with commodities, as
European officials urgently explored ways to rescue Spain's
debt-laden banks and expectations grew central banks would act
to bolster a slowing global economy.	
    The Canadian dollar firmed to a session high at
C$1.0298 against the U.S. dollar, or 97.11 U.S. cents. It was up
nearly a cent from Monday's close at C$1.0397 versus the
greenback, or 96.18 U.S. cents.

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