> Video: Canadian dollar hits a fresh seven-week high. Why more is coming

Video: Canadian dollar hits a fresh seven-week high. Why more is coming

Name: The commodity currency trade is working: Why it has more room to run
Uploaded: 2022-03-22T21:41:22.000Z
Description: For months, the Canadian dollar has been stuck in a push-and-pull from rising commodity prices, sinking risk appetite and a broadly rising US dollar. The loonie is now almost right in the middle of the range it's carved out in the past nine months but factors are lining up for a break; with one big ...

A look at the Canadian dollar

Adam Button

Thursday, 24/03/2022 | 14:43 GMT

USD/CAD has fallen in eight straight days, hitting 1.2525 and trading to a fresh seven-week low. Today's drop comes despite lower oil and commodity prices but underscores the strong backdrop for the Canadian dollar.

This week, I spoke with BNNBloomberg about why the Canadian dollar has plenty of room to run and on the one big risk to watch out for.

Last week, I also detailed five reasons for the loonie to run.