The Canadian dollar strengthened on Friday to its highest in nearly three months against the greenback as oil prices rose and as the gap narrowed between Canadian and US bond yields despite US data showing employers hired the most workers in 11 months. At 4:31 p.m. (2131 GMT), the Canadian dollar was trading 0.3 percent higher at 1.3088 to the greenback, or 76.41 US cents. The currency, which climbed 3.9 percent in January, touched its strongest level intraday since Nov. 7 at 1.3069.

For the week, the loonie rose 1 percent. The "big drivers" for the Canadian dollar have been narrower yield spreads and higher oil prices, said Amo Sahota, a director at Klarity FX in San Francisco.

Copyright Reuters, 2019