After posting the worst week in almost two months, the Canadian currency rebounded sharply today paring most of its previous days losses, as commodities exported from Canada had an increased demand today, attracting investors to purchase assets in the country.
The Canadian currency is highly influenced by stocks and commodities prices due to its
USD/CAD traded at 1.0553 as of 16:37 GMT from a previous rate of 1.0697 yesterday.
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