An increase in the price of crude helped lift the Canadian dollar 0.2 percent to CA$1.155 per US dollar by 8:00 am in Toronto this morning. This ended a four-day losing streak against the US greenback.
“Gold and oil are better supported with crude oil peeking up over $90 a barrel again, helping provide some additional upside to the Canadian dollar,” Sacha Tihanyi, a currency strategist in Toronto at Bank of Nova Scotia’s Scotia Capital unit
Source: Bloomberg