Canadian Dollar Rises on Surprise Surplus
The Canadian dollar edged higher against the greenback as oil prices increased and data revealed a surprise current account surplus in the second quarter. The loonie traded up 0.2 percent while investors awaited upcoming GDP data.
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The Canada dollar rose 0.2% to 1.3855 per USD/CAD on Thursday morning, driven by a surprise current account surplus. It marks a recovery from earlier weekly losses against its United States counterpart. The currency held firm despite lingering concerns over trade tensions and new tariff risks.
