The Canadian dollar strengthened today after the positive fundamental report lead to optimism among investors that was further reinforced by the good news from Europe.

Canada’s consumer prices increased 0.3 percent on a seasonally adjusted monthly basis from September to October, after rising 0.4 percent the month before. The Canadian leading indicators rose 0.2 percent in October, after the gain of 0.1 percent in September. The reading was in line with forecasts.

The signs of positive developments removed risk aversion, but markets were cautions and haven’t decided where to go. The Standard & Poor’s 500 Index was little changed. Crude oil futures fell 1.2 percent to $97.45 per barrel, following the 1.5 percent gain.

USD/CAD went down from 1.0289 to 1.0274 as of 21:56 GMT today, touching the minimum of 1.0197 during the trading session. EUR/CAD rose from 1.3843 to 1.3892, while CAD/JPY was up from 74.73 to 74.80.

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