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Forex

Canadian Dollar Gains Strength Amid Ongoing Trade Tensions

Guavy AI Editorial Team
Instruments
CAD
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The Canadian dollar has strengthened relative to its US counterpart on Thursday morning.

At 9:20 a.m. CDT, the Canadian dollar was trading 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 recent trade tensions between the US and Iran have continued to impact global markets, with no signs of a resolution in sight.

The Bank of Canada's July 15 meeting minutes showed a split opinion on the sustainability of Canada's economic recovery, which will be closely watched ahead of Friday's GDP data release.

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