Canadian Dollar Rises on US Tariff Reprieve
The Canadian dollar climbed to a multi-month high against the US dollar after Washington announced a three-day pause on threatened tariffs. Meanwhile, the greenback declined broadly and oil prices increased amid supply concerns.
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Canada's currency climbed to a two-and-a-half-month high against its United States counterpart on Wednesday morning as the greenback retreated broadly. The USD/CAD pair traded 0.5% higher at 1.3823, or 72.34 U.S. cents, reaching its strongest level since June 2.
