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EconomyCanadian dollar extends monthly gains as higher oil prices lift inflation risk

The Canadian dollar rose to a six-week high against its U.S. counterpart on Friday. A surge in oil prices strengthened bets on further Bank of Canada tightening, outweighing disappointing GDP data.

Canadian dollaroil pricesBank of Canadainflation

RReuters★★☆☆☆2026-10-30 20:01Original

Canadian dollar extends monthly gains as higher oil prices lift inflation risk
Canadian dollar extends monthly gains as higher oil prices lift inflation riskEconomy