July 13 (Bloomberg) -- Canada’s dollar gained as futures pointed to a sixth straight daily advance for U.S. stocks and prices for raw materials such as crude oil rose, making currencies linked to global growth more attractive. Canada’s dollar appreciated against all of its 16 most- traded counterparts today except for the South African rand and U.K. pound. Traders are increasing bets the Bank of Canada will raise interest rates through the rest of the year. “Risk appetite is better than it was five days ago,” Marc Chandler, global head of currency strategy at Brown Brothers Harriman & Co., said by phone from New York. “Canada had very strong jobs data on Friday. This is a continuation of that, with expectations for a rate hike at the July 20 Bank of Canada meeting.” The Canadian currency gained 0.5 percent to C$1.0318 per U.S. dollar at 7:55 a.m. in Toronto, compared with C$1.0372 yesterday. The currency reached C$1.0296 on July 9, the strongest level since June 23. One Canadian dollar buys 96.92 U.S. cents. Futures on the Standard & Poor’s 500 Index climbed 0.7 percent. Crude oil for August delivery rose 1.3 percent. Canada’s currency, nicknamed the loonie, tends to rise and fall with equities and commodity prices. Traders raised bets the Bank of Canada, led by Governor Mark Carney, will tighten monetary policy at the next meeting. Yields on December 2010 bankers’ acceptances, the most-active contract, jumped 2 basis points, or 0.02 percentage point, to 1.35 percent, the highest in two weeks. --Editors: Dave Liedtka, Dennis Fitzgerald To contact the reporter on this story: Chris Fournier in Montreal at cfournier3@bloomberg.net To contact the editor responsible for this story: Dave Liedtka at dliedtka@bloomberg.net

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