Loonie Rallies Against USD Amid Ongoing Global Tensions
The Canadian dollar strengthened against its US counterpart on Thursday morning, reversing some of Wednesday's losses. At 9:20 CDT, one US dollar was equivalent to approximately CAD$1.4013.
The Bank of Canada released minutes from its July 15 meeting, revealing a split opinion among members regarding the sustainability of Canada's economic recovery.
Meanwhile, the global market remained cautious due to ongoing tensions between the US and Iran, with no signs of a resolution in sight.