Canada’s dollar appreciated for a second day after the Organization for Economic Cooperation and Development boosted its forecast for the economic growth of its 30 member nations, and as U.S. stock futures climbed. The Canadian currency advanced 0.2 percent to C$1.1474 per U.S. dollar at 7:54 a.m. in Toronto, from C$1.1496 yesterday. One Canadian dollar buys 87.15 U.S. cents. The combined economy of the world’s most-industrialized countries will shrink 4.1 percent this year and grow 0.7 percent in 2010, the Paris-based group said today. The new projections compare with March forecasts for contractions of 4.3 percent and 0.1 percent. “Risk sentiment may be receiving further support from the OECD’s growth forecast,” said Adam Cole, London-based global head of currency strategy at RBC Capital Markets Inc., a unit of Canada’s biggest bank. Futures on the Standard & Poor’s 500 Index expiring in September rose 0.4 percent.

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