Canadian Dollar Gains Ground After Hitting Two-Month Low
The Canadian dollar rose to 1.3715 against the U.S. dollar today as market sentiment improved. Oil prices fell 10.3% while bond yields declined sharply.
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The Canadian dollar strengthened against its U.S. counterpart on Monday, rebounding from a two-month low as geopolitical tensions eased and global equity markets rallied. The U.S. Dollar / Canadian Dollar pair saw the loonie rise 0.1% to 1.3715 per greenback, recovering from an intraday low of 1.3754, its weakest level since late January.
