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C$ rises to highest level in over 14 months
Wed Oct 14, 3:48 PM

TORONTO (Reuters) - The Canadian dollar zoomed to its highest level in over 14 months against the U.S. dollar on Wednesday as upbeat U.S. corporate results and economic data whetted investors' appetite for riskier assets and underpinned optimism about a global recovery.

The Canadian unit touched C$1.0251 to the U.S. dollar, or 97.55 U.S. cents, its highest level since early August 2008. On Tuesday, the unit finished at C$1.0365 to the U.S. dollar, or 96.48 U.S. cents.

(Reporting by Jennifer Kwan; Editing by Jeffrey Hodgson)

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