The Canadian dollar strengthened against other major currencies in the Asian session on Friday amid rising crude oil prices, as Iran shrugged off U.S. threats to negotiate or face attack, causing concerns over possible supply disruptions.
West Texas Intermediate crude for March delivery was up $2.23 or 3.53 percent at $65.44 per barrel.
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Business News
April 17, 2026 15:29 ET The ongoing conflict in the Middle East continues to raise concerns for policymakers who worry about the impact of the supply shock and high energy prices on the real economy. Producer price data and various survey results on the housing market were the main news from the U.S. this week. In Europe, industrial production data for the euro area gained attention. GDP figures out of China and the policy move by the Singapore central bank were in focus in Asia.