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TORONTO (Reuters) – Canada's note climbed against the U.S. nowness on weekday morning, forthcoming three assemblage highs reached terminal week, as lubricator prices long gains on turmoil in Libya.

Oil surged again on weekday on anxiety unrest in Libya could spread to another field lubricator producers in the Middle East, including Arabian Arabia. Both Brent and U.S. vulgar futures jumped to multiyear highs, providing whatever hold to Canada's commodity-linked currency.

Rising U.S. vulgar prices typically hold the river note as Canada is a net lubricator exporter. But brawny lubricator prices impact also fueled concerns that they could inspire inflation, which strength choke the global economic recovery.

The Middle East tensions stoked further approval in vulgar lubricator prices and obligation for safe haven currencies at the panoptic cost of the greenback.

"In another times, you've had a grace to safety effort to the U.S. note that haw impact counteracted whatever of the constructive news on Canada but the U.S. note is struggling here," said Mark Chandler, nous of river immobile income and nowness strategy at corpuscle Capital Markets.

"In the initial stages of the rally in lubricator prices, (the river dollar) really didn't acquire likewise much support. But it's getting more now. It's almost by default."

He said another commodity currencies much as the New Sjaelland and inhabitant dollars were low push from another sources this week, "so a combination of ascension lubricator prices and no meliorate alternatives around impact helped Canada somewhat."

At 8:05 a.m., the river note was at C$0.9840 to the U.S. dollar, or $1.0173, up from Wednesday's closing at C$0.9886 to the U.S. dollar, or $1.0115. It had reached as broad as 0.9822 to the U.S. dollar, or $1.0181, not farther from the March 2008 broad reached terminal hebdomad at C$0.9816 to the U.S. dollar, or $1.0187. If broken, a separate toward C$0.9800 haw be in the cards, analysts say.

However, analysts said to be heedful of C$0.9960 to the U.S. dollar, or $1.0040, its weakest point since Feb 11 that was impact in the preceding session.

Canadian polity stick prices were higher across the curve, chase U.S. Treasuries, as the revolt in Libya spurred safe-haven demand.

The two-year river polity stick was up 1 river coin to consent 1.794 percent, while the 10-year stick gained 24 river cents to consent 3.298 percent.

No field river accumulation is scheduled for the rest of the week. The incoming field accumulation is the Dec and fourth-quarter feature on economic growth on Monday, followed by the Bank of Canada's policy environment selection on Tuesday.

(Reporting by Ka Yan Ng)

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