The Australian dollar edged higher against its Canadian counterpart during early deals on Tuesday. At 8:50 pm ET, the aussie-loonie pair advanced to 0.8663, its highest level since January 5, 2009. If the pair gains further, 0.877 is seen as the next target level. The Australian currency that closed yesterday's deals at 0.8618 is presently quoted at 0.8639.
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