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Forex

Loonie Strengthens Amid Ongoing Trade Tensions

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

At 9:20 CDT, the Loonie 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 ongoing trade tensions between the US and Iran contributed to market uncertainty.

Additionally, minutes from the Bank of Canada's July 15 meeting revealed a split in opinion on the sustainability of the country's economic recovery.

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