Canadian Dollar Reaches Two Week High Amid Davos and Trade Review Preparations
The Canadian dollar climbed to a two-week high on January 21 as investors focused on Davos and trade talks. Gains remain capped by low oil prices and tariffs.
Insights:
On January 21, 2026, the Canadian dollar strengthened to a two-week high against its American counterpart before paring some of its earlier gains. The currency traded 0.1% higher at 1.3825 per U.S. dollar, equivalent to 72.33 U.S. cents. Earlier in the session, the loonie reached an intraday peak of 1.3786, marking its strongest level since January 6. This movement occurred as the United States 
US dollar recouped some losses against a broader basket of major currencies.
US dollar recouped some losses against a broader basket of major currencies.
