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EconomyCanadian dollar rebounds on month-end hedging flows and higher oil prices

The Canadian dollar recovered on Monday from a two-week low against the U.S. dollar, supported by rising oil prices and month-end hedging transactions by investors. Markets were also awaiting a Bank of Canada interest rate decision due midweek.

Canadian dollaroil pricesBank of Canada

RReuters★★☆☆☆2026-08-31 23:50Original

Canadian dollar rebounds on month-end hedging flows and higher oil prices
Canadian dollar rebounds on month-end hedging flows and higher oil pricesEconomy