September 12, 2017 / 9:29 PM / 3 months ago

Higher Canadian dollar reflects economic strengths: Canadian finance minister

ST. JOHN‘S, Newfoundland (Reuters) - The Canadian dollar’s recent sharp gain in value is a clear reflection of the country’s economic strengths, Finance Minister Bill Morneau told Reuters in an interview on Tuesday.

Canada's Finance Minister Bill Morneau takes part in a news conference in Ottawa, Ontario, Canada, July 18, 2017. REUTERS/Chris Wattie

“My view is that the economy is showing continued strength even at our current dollar valuation,” he said. The Canadian dollar has rallied more than 13 percent since early May and touched its strongest point in more than two years on Friday.

Reporting by David Ljunggren; Editing by Jonathan Oatis

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