Canadian Dollar Gains Ahead of Warsh's Jackson Hole Speech

The Canadian dollar gained strength against other major currencies in the European session on Friday as traders focused on the highly anticipated speech by Federal Reserve Chair Kevin Warsh at the Jackson Hole Symposium later that day.

Warsh's hints about the direction of U.S. monetary policy are a key area of interest for investors, particularly given ongoing inflation concerns.

The market is keen to find out if the Fed is considering tightening monetary policy in response to rising prices.