Canadian Dollar up on NAFTA Agreement, Nikkei Hits 27-year High

A Canadian dollar coin, commonly known as the "Loonie", is pictured in this illustration picture taken in Toronto, Ontario, Canada, Jan. 23, 2015. Mark Blinch/Reuters

TOKYO— The Canadian dollar and the Mexican peso rose and Japanese shares hit 27-year highs on Oct. 1 after the United States and Canada reached a framework deal to update the North American Free Trade Agreement.

A Canadian source confirmed the two countries reached a deal, with Canada agreeing to a side-letter arrangement effectively capping automobile exports to the United States.