The Canadian dollar rose above 77 cents US on Wednesday, a day after U.S. Federal Reserve chair Janet Yellen brought the U.S. currency back down to Earth with her comments on the American economy.

The loonie, as it's known, closed at 77.17 cents US, up by .68 of a cent. Earlier in the day the loonie was at 77.44 cents US, its highest level since October.

The loonie's gain comes despite a slightly down day for oil, which lost three cents to trade at $38.25 US a barrel.

This has been excerpted from the 30 March 2016 edition of CBC News and is available in its entirety at:
http://www.cbc.ca/news/business/loonie-oil-dollar-1.3512555