The Canadian dollar continued its two-day growth against the U.S. dollar and the Japanese yen today, as the commodity markets showed that are still able to grow.

Canada’s dollar touched the two-month low against the U.S. dollar on Tuesday, but started to recover quickly after that and finished every day of the current month with a moderate gain.

Rising commodities’ pices boosted Canada’s growth expectation improving its currency’s positions on the Forex market. While the yesterday’s testimony by Ben Bernanke showed that U.S. still has some problems to deal with, Canadian currency might extort benefits from its status as the commodity-bound security.

USD/CAD rose from 1.0163 to 1.0134 as of 9:00 GMT today, the overall monthly growth so far was 1.1% for this currency pair. CAD/JPY grew even faster — since the beginning of April it rose almost 4.3%.

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