The Canadian dollar strengthened against other major currencies in the Asian session on Monday, as the crude oil prices climbed after the military attacks between Iran and the United States over the weekend.
The Brent Crude Oil increased 4.46 percent, reaching $79.40 per barrel.
The renewed geopolitical tension in the Middle East after reports of U.S.-Iran airstrikes and Tehran's closure of the critical Strait of Hormuz, raised global inflationary pressures amid spiking crude oil prices. The latest escalation also delays the broader resolution to the conflict.
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Business News
September 11, 2026 16:26 ET Consumer prices data was the main news on the economic front in the U.S. this week. In Europe, the latest interest rate decision from the European Central Bank was the focus along with the revised second quarter economic growth data for the euro area. In Asia, the monthly foreign trade data from China drew attention.