Dollar U.s.

Flickr: Jaypeg21

As Debt Deadline Looms, Loonie Gets A Big Boost

TORONTO - The Canadian dollar closed higher Tuesday as nervousness over the failure so far of American lawmakers to raise the country's debt limit punished the greenback.The loonie gained 0.34 of a cent to 106.07 cents US after earlier running as high as 106.3 cents US, its highest level since early November 2007.