CAD Gains On Oil Price Surge

CAD rises as oil prices surge and BoC hike bets increase The USD/CAD pair fell to near 1.4165 in Asian trading hours. A rise in crude oil prices supported the CAD. The Bank of Canada held its benchmark overnight interest rate at 2.25%, and traders see a 60% chanc

CAD rises as oil prices surge and BoC hike bets increase

The USD/CAD pair fell to near 1.4165 in Asian trading hours.

A rise in crude oil prices supported the CAD.

The Bank of Canada held its benchmark overnight interest rate at 2.25%, and traders see a 60% chance of a rate hike this year.

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