Canadian dollar leaps to one-month high

The Canadian dollar posted its biggest one-day jump in three months to finish at its highest level since mid-May, cheered by hopes that domestic interest rates will soon rise and a broadly weaker greenback. Bonds seesawed throughout the session on the day's data, but ended fairly flat. The Canadian currency finished at C$1.2374 to the US dollar, or 80.81 US cents, up substantially from C$1.2531 to the US dollar, or 79.80 US cents, at Tuesday's close.
The Canadian dollar was the "big winner" of the session, since it was able to make gains against both the US dollar and the euro, said Jack Spitz, director of foreign exchange at National Bank of Canada.