Canadian Dollar Strengthens Ahead of Domestic GDP Report
The Canadian dollar rose 0.2% to 1.3677 per U.S. dollar on Wednesday. Markets are awaiting fourth-quarter GDP data and upcoming North American trade negotiations.
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The Canadian dollar edged higher against its U.S. counterpart on Wednesday, though the currency's advance remained limited as investors looked ahead to pivotal domestic economic data and upcoming trade negotiations. The loonie was trading 0.2% higher at 1.3677 per U.S. dollar, or 73.12 U.S. cents, after recovering from a near three-week low of 1.3724 touched on Tuesday.
