Canadian Dollar Reaches Two-Week High Against US Dollar
On January 22, the Canadian dollar strengthened to 1.37835 per U.S. dollar, driven by U.S. inflation data, policy uncertainty, and Canadian fiscal support expectations.
Insights:
The Canadian dollar surged to a two-week high against the U.S. dollar on January 22, 2026, as it strengthened 0.4% to 1.37835 CAD per USD, equivalent to 72.55 U.S. cents. This notable movement was primarily fueled by U.S. inflation data aligning with market predictions, ongoing policy uncertainty in the United States, and investor anticipation of fiscal support from Canada.
