“Fundamentally Canada has done extremely well, and after the jobs report the Canadian dollar has strengthened,” said Dean Popplewell, head analyst in Toronto at the online currency-trading firm Oanda Corp., as reported by Allison Bennett on Bloomberg.
“The Canadian dollar is still enjoying a little bit of a honeymoon from its employment number on Friday,” said Boris Schlossberg, director of research at online currency trader GFT Forex in New York, according to the report. [A Booming Global Economy Propels Canada ETFs Forward.]
PowerShares DB Commodity Index Tracking Fund (NYSEArca: DBC)
Tisha Guerrero contributed to this article.