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via finance.yahoo.comMarkets

Canadian dollar holds near one-month high as oil and rate outlook support loonie

FROM THE WIRE · FINANCE.YAHOO.COM

Investing.com -- The Canadian dollar held near a one-month high against its U.S. counterpart on Friday, extending a rally supported by rising oil prices and shifting expectations for interest rates in Canada. Still guessing which stocks will beat the market? Our AI portfolio…

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MARKET IMPACTNEUTRAL✦ News Impact agent estimateTone: expected bullishHigher oil prices and rate expectations in Canada support the loonie against the US dollar.AI-generated summary
✦ IN BRIEF · AIAI-generated summary
  1. 01The Canadian dollar held near a one-month high against the US dollar.
  2. 02Oil prices support the currency, as Canada is a major energy exporter.
  3. 03The US dollar traded around C$1.4000 in early trading.
NEWS IMPACT AND MARKET REACTIONChange from the reference price
US Dollar/Canadian Dollar FX Spot RateUSDCADFX pair1.3987-0.01%today -0.14%Negative Crude Oil WTICOMMODITY:WTICommodity102.16 USD-0.28%today +2.70%Positive
Impact and summary are estimates by the News Impact AI agent, not financial advice.Open in Markets

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