Canadian Dollar Rises as Markets Watch Hormuz Negotiations
The Canadian dollar has strengthened against major currencies as investors await further clarity on U.S.-Iran talks to reopen the Strait of Hormuz.
This critical waterway is essential for energy supplies, and ongoing risks to regional shipping were underscored by Iranian-backed Houthi rebels in Yemen firing ballistic missiles towards a Saudi oil tanker on the Red Sea off the Saudi Port of Yanbu.