Canada’s Dollar Rallies to Two-Month Record vs. Euro

Canadian DollarThe positive sentiment is still present on markets, allowing the Canadian dollar to rise, reaching the highest level since September against the euro.

The improving outlook for Europe was followed by the favorable news from the United States (the biggest trading partner of Canada). The US consumer confidence index improved from 40.9 in October to 56.0, ending its decline. The good sales during Thanksgiving holiday period were also positive.