Loonie touches one-week higher after ECB loans

TORONTO (Reuters) - The Canadian dollar rose to its loftiest level in more than a week against the U.S. currency on Wednesday as European banks borrowed large amounts from the European Central Bank, helping to ease fears about a credit crunch. Banks took a huge 489 billion euros at the European Central Bank's first ever offering of three-year funding on Wednesday and, raising hope the money may be used to buy Italian and Spanish bonds. ...