April 21, 2010 / 6:00 AM / 7 years ago

Loonie hits highest in nearly 2 years vs dollar

1 Min Read

TOKYO (Reuters) - The Canadian dollar climbed to its highest in almost two years against the U.S. dollar on Wednesday after the Bank of Canada signaled an interest rate rise as early as June, making it the first G7 central bank willing to end emergency policy steps.

The U.S. dollar fell as low as C$0.9946, its weakest level since June 2008, before standing at C$0.9950, down 0.3 percent on the day.

Reporting by Satomi Noguchi

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