Canadian dollar holds near 11 day high as investors dismiss bridge threats

The loonie remained steady today as investors shrugged off U.S. threats over a new bridge project. Markets expect Canada to benefit from a commodities boom.

Investors have largely dismissed a threat by United States USUS President Donald Trump to bar the opening of the Detroit-Windsor bridge project ($4.7 billion), as the Canadian dollar (loonie) steadied near an 11-day high. The market reaction indicates that traders are looking past the immediate rhetoric concerning the major cross-border infrastructure project between the U.S. and Canada CACA, even as the dispute remains under discussion.
A Canadian dollar coin, commonly known as the "Loonie", is pictured in an illustration photo taken in Toronto on January 23, 2015. REUTERS/Mark Blinch
A Canadian dollar coin, commonly known as the "Loonie", is pictured in an illustration photo taken in Toronto on January 23, 2015. REUTERS/Mark Blinch
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