Canadian dollar strengthens as rising oil prices and narrowing yield spreads provide support
The Canadian dollar rose 0.1 percent on Wednesday as crude oil prices rallied for a fifth consecutive day. This recovery comes amid shifting bond yields.
Insights:
The Canadian dollar strengthened on Wednesday, recovering from a five-week low as rising commodity prices and shifts in the bond market provided fresh support. Canada 
CAsaw its currency trade at 1.3875 per U.S. dollar, a 0.1 percent increase from the previous session. This rally follows a period of downward pressure where the loonie touched 1.3920 against the greenback, its lowest level since early December, just last Friday.
CAsaw its currency trade at 1.3875 per U.S. dollar, a 0.1 percent increase from the previous session. This rally follows a period of downward pressure where the loonie touched 1.3920 against the greenback, its lowest level since early December, just last Friday.
