Canadian Dollar Rises to Three-Week High on Oil
The Canadian dollar strengthened to a three-week high against the U.S. dollar on Tuesday. Investors focused on rising crude oil prices rather than escalating trade tensions and new retaliatory tariffs between the two nations.
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Canada's currency strengthened 0.2% to 1.3790 per United States dollar during Tuesday morning trade, hitting its strongest level in nearly three weeks. The rally came as investors prioritized climbing commodity prices over intensifying trade tensions between the neighboring nations.
