Canada’s currency rose for a third day, extending last month’s record gain, as investors shunned the U.S. dollar and ventured into higher-yielding assets such as stocks and commodities. “I don’t see anything on the immediate horizon that’s going to upset the Canadian dollar,” said Steven Barrow, head of Group of 10 currency research in London at Standard Bank Plc. “Commodity currencies will remain strong because the liquidity that’s being put back to work is being used to reinvest in markets, and that’s helping commodity prices.” The Canadian currency appreciated as much as 1.2 percent to C$1.0785 per U.S. dollar, the strongest level since Oct. 3, and traded at C$1.0817 at 8:16 a.m. in Toronto, from C$1.0915 on May 29. One Canadian dollar buys 92.45 U.S. cents. The MSCI World Index, a gauge of stocks in 23 developed nations, climbed 1.2 percent today. Crude oil for July delivery rose as much as 3 percent to $68.29 a barrel on the New York Mercantile Exchange, the highest since Nov. 10. Raw materials account for more than half of the nation’s export revenue Canada’s currency climbed more than 9 percent in May, the most since at least October 1950, when Bank of Canada records begin.

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