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<blockquote data-quote="klein" data-source="post: 946162" data-attributes="member: 23950">More good news out of the US !(and helping the Canadian economy) - thanks Obama !&nbsp; <img src="/community/styles/default/xenforo/smilies/smile.png"&nbsp; class="smilie" loading="lazy" alt=":)" title="Smile&nbsp; &nbsp; :)" data-shortname=":)" />TORONTO - The Canadian dollar hit a 5 1/2-month high Wednesday, amid positive U.S. economic data and moves to further stabilize the debt-laden eurozone.The Canadian dollar rose 0.85 of a cent to a 101.31 cents US, its highest level since the middle of last September. It was off early highs of 101.43 cents amid reversals in commodity prices.The dollar found support from positive economic news from the U.S., Canada&#039;s biggest trading partner.A rising American economy is good for Canada as it signals a growing appetite for Canadian manufactured goods and commodities such as oil and metals.U.S. fourth-quarter gross domestic product rose at an annualized rate of three per cent. That was revised upward from an earlier government report that the American economy had grown at a 2.8 per cent pace.Traders were further encouraged after a widely-watched index of manufacturing activity in the U.S. Midwest breezed past expectations. The Chicago Purchasing Managers index came in at 64, a 10-month high and up from 60.2 in January.</blockquote>

[QUOTE="klein, post: 946162, member: 23950"] More good news out of the US ! (and helping the Canadian economy) - thanks Obama ! :) TORONTO - The Canadian dollar hit a 5 1/2-month high Wednesday, amid positive U.S. economic data and moves to further stabilize the debt-laden eurozone. The Canadian dollar rose 0.85 of a cent to a 101.31 cents US, its highest level since the middle of last September. It was off early highs of 101.43 cents amid reversals in commodity prices. The dollar found support from positive economic news from the U.S., Canada's biggest trading partner. A rising American economy is good for Canada as it signals a growing appetite for Canadian manufactured goods and commodities such as oil and metals. U.S. fourth-quarter gross domestic product rose at an annualized rate of three per cent. That was revised upward from an earlier government report that the American economy had grown at a 2.8 per cent pace. Traders were further encouraged after a widely-watched index of manufacturing activity in the U.S. Midwest breezed past expectations. The Chicago Purchasing Managers index came in at 64, a 10-month high and up from 60.2 in January. [/QUOTE]

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