Major Currencies: Bank of Canada

Bank of Canada: The loonie climbed 0.47 of a cent to 92.2 cents US as the greenback declined against most major currencies, according to 660 News. The Bank of Canada will likely take some cautious optimism about the survey results as it is looking for investment and exports to support strengthening growth in 2014 and 2015, said Royal Bank assistant chief economist Paul Ferley and TORONTO The Canadian dollar advanced Monday after five days of steep losses amid a Bank of Canada survey showing generally upbeat business expectations. The Canadian central banks business outlook survey said there are some positive signs for the economy, but firms remain concerned about weak demand and domestic uncertainty. The bank says sales expectations were supported by improvements in the United States. (www.immigrantscanada.com). As reported in the news.