After a shift in the outlook for the Canadian currency which had been losing significantly since it touched a one-year high last week versus the greenback, optimism in equities markets gave a breather for the Canadian currency to climb.

A combination of two positive factors influenced the Canadian currency performance as stocks rebounded globally, increasing risk appetite and helping the loonie to gain after several days of consecutive losses, attracting traders willing to bet in a rebound for the Canadian dollar rates.

USD/CAD traded at 1.0854 as of 11:57 GMT from a previous rate of 1.0927 when markets opened yesterday.

If you have any questions, comments or opinions regarding the Canadian Dollar, feel free to post them using the commentary form below.