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Canadian dollar posts 11-day high as investor sentiment improves - REUTERS

MARCH 18, 2025

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Summary

  • Canadian dollar gains 0.6% against the greenback
  • Touches an 11-day high at 1.4276
  • Home sales tumble 9.8% in February
  • Bond yields ease across the curve

TORONTO, March 17 (Reuters) - The Canadian dollar strengthened to an 11-day high against its U.S. counterpart on Monday as equity markets rallied and investors cheered China's plan to stimulate consumption.

The loonie was trading 0.6% higher at 1.4280 per U.S. dollar, or 70.03 U.S. cents, after touching its strongest intraday level since March 6 at 1.4276.

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