The currency, nicknamed the loonie for the image of an aquatic bird on a C$1 coin, gained versus 7 of its 16 most- traded counterparts tracked by Bloomberg, increasing versus the pound and the Australian dollar
The Canadian dollar strengthened 0.2 percent to C$1.0683 per U.S. dollar at 8:34 a.m. in Toronto, compared with C$1.0704 on Jan. 29. It touched C$1.0722, the weakest level since Dec. 18. One Canadian dollar buys 93.61 U.S. cents.
The loonie tends to track commodities and stocks. The 30-day correlation coefficient for crude oil and the loonie is 0.62 and 0.60 for the currency and the Standard & Poor