Forex
Canadian Dollar Climbs Amid Ongoing Global Tensions
The Canadian dollar strengthened on Thursday morning compared to its US counterpart.
At 9:20 a.m. CDT, it 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 U.S. and Iran showed no signs of resolution, with both countries continuing to trade attacks.
A split in opinion was revealed at a recent Bank of Canada meeting, with some questioning the sustainability of Canada's economic recovery.