The Canadian Currency: Bank of Canada

Bank of Canada: TORONTO - The Canadian dollar closed higher Thursday amid a string of solid U.S. economic news this week and rising oil prices. , according to Winnipeg Free Press. The Canadian currency had sunk a quarter of a cent Wednesday to its lowest level since May 2010 after the Bank of Canada left rates unchanged and left markets with the impression that rate hikes were still a long way off. Canadian dollars loonies are pictured in Vancouver, Sept. 22, 2011. THE CANADIAN PRESS/Jonathan Hayward The loonie was up a third of a cent to 93.98 cents US as the greenback lost value against a variety of currencies. (www.immigrantscanada.com). As reported in the news.