TORONTO, March 31 (Reuters) - The Canadian dollar roseagainst the U.S. currency on Tuesday, as the price of oil roseand equity markets climbed after tumbling the previoussession. At 7:29 a.m. (1129 GMT), the unit was at C$1.2542 to the U.S. dollar, or 79.73 U.S. cents, up from Monday's finish at C$1.2618 or 79.25 U.S. cents. At one point on Tuesday, the Canadian unit touched 1.2503 to the U.S. dollar, or 79.98 U.S. cents. "As equity markets rally that tends to lower levels of risk aversion and it tends to point to a slightly more optimisticoutlook for the markets and the global economy," said George
Davis, chief technical strategist at RBC Capital Markets. "The Canadian dollar tends to benefit from that type of backdrop." read more
Davis, chief technical strategist at RBC Capital Markets. "The Canadian dollar tends to benefit from that type of backdrop." read more
