Loonie Strengthens Amid Economic Growth
The Canadian dollar closed the week on a strong note, with the loonie trading at US$0.7219 or US$1=C$1.3852 as of Friday morning.
This marks an increase from Thursday's value, which was US$0.7214 or US$1=C$1.3861.
The economy showed signs of growth in the second quarter, expanding at an annualized rate of 3.3 per cent compared to a revised rate of 0.3 per cent in the first quarter, according to Statistics Canada's report.