Canadian dollar hits highest level since October

Mon Jul 27, 2009 7:38am EDT
 
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 TORONTO, July 27 (Reuters) - Canada's dollar rallied to its
highest level since October 2008 versus the U.S. currency on
Monday as a greater appetite for riskier assets helped bolster
the commodity-linked currency.
 Around 7:30 a.m. (1130 GMT), the Canadian unit rose to
C$1.0778 to the U.S. dollar, or 92.78 U.S. cents, its highest
level in over nine months. That was comfortably above Friday's
close of C$1.0829 to the U.S. dollar, or 92.34 U.S. cents.
 (Reporting by Frank Pingue, Editing by W Simon)