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2009.03.0408:08:00UTC+00Canadian dollar strengthens further against most majors

Extending its recent rally, the Canadian dollar advanced further against its major rivals in early New York trading on Wednesday. The loonie rose to 1.2868 against the greenback, 77.27 against the yen and 1.6138 versus the euro by 8:00 am ET, compared to yesterday's closing values of 1.2933, 75.95 and 1.6247, respectively. Currently, the Canadian dollar is trading at 1.2871 against the US dollar, 1.6159 against the euro and 77.22 versus the yen.

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