ND: Canadian dollar rises to 4-day high against greenback
The Canadian dollar gained ground against most of its major opponents in early trading on Monday. The loonie advanced to a 4-day high of 1.1915 against the US dollar by 7:25 am ET, compared to last week's close of 1.1946. Currently, the greenback-loonie pair is trading at 1.1918.
The loonie also edged higher to 0.8059 against the Australian dollar and 1.5302 against the euro by this time. This may be compared to last Friday's closing values of 0.8032 and 1.5439, respectively.
Investors are now likely to focus on the US ISM manufacturing report for October and the construction spending data for September, which are expected to influence trading in the New York morning.
