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CAD Gains Strength as Tensions Between US and Iran Escalate

Guavy AI Editorial Team Published July 30, 2026

Instruments

CAD

The Canadian dollar gained strength compared to its US counterpart on Thursday morning.

At 9:20 am CDT, the Canadian dollar traded at US$0.7136 or US$1=C$1.4013, up from Wednesday's close of US$0.7101 or US$1=C$1.4083.

The ongoing conflict between the US and Iran showed no signs of resolution, with both sides continuing to trade attacks.

The Bank of Canada's July 15 meeting minutes revealed a split in opinion on the sustainability of Canada's economic recovery.

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