C$ holds near 4-1/2-month high as housing optimism builds

The Canadian dollar steadied near a four-and-a-half-month high against its U.S. counterpart on Wednesday as long-term borrowing costs declined and investors weighed prospects of a recovery in the domestic housing market. The loonie was trading nearly unchanged at 1.3330 to the greenback, or 75.02 U.S. cents, after touching its strongest intraday level since Aug. 2 at 1.3312. "The Canadian dollar certainly has some momentum right now," said Adam Button, chief currency analyst at ForexLive.