TORONTO, Oct. 29 (UPI) -- The Canadian dollar gained more than one U.S. cent Monday to top $1.05 -- a 47-year high -- before retreating slightly.
The Canadian currency closed at $1.0496, making a U.S. dollar worth 95.27 Canadian cents, up from Friday's close of $1.0393, or 96.22 Canadian cents.
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The Canadian dollar reached $1.0509, or 95.15 Canadian cents, in earlier trading.
The Canadian currency has climbed more than 18 cents, or 22 percent, this year.