[Opinion] Rising oil prices on Israel attack on Iran could revive Canadian dollar's 'petrocurrency status,' analysts say

Rising oil prices on Israel attack on Iran could revive Canadian dollar's 'petrocurrency status,' analysts say

Oil prices are climbing higher due to tensions in the Middle East and that is lifting the loonie against its G10 counterparts.

Big disruption to oil supply unlikely after Israel's attack on Iran, say analysts

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The Canadian dollar continues to take advantage of the weakness of the dollar to reach new maximums - World Stock Market

The Canadian dollar found more profits thanks to the sale pressure of the US dollar. The lack of significant Canadian economic data means that CAD profits are at the mercy of market flows. Geopolitical tensions in the Middle East are increasing, maintaining appetite due to risk under control but promoting crude oil prices. The Canadian dollar (CAD) received another offer on Friday, rising to new eight -month maximums while the US dollar (USD) re…