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The Canadian dollar strengthened against its US counterpart on Thursday as market appetite for riskier assets got a lift from the US Federal Reserve's latest policy comments, while a short-lived rebound in oil prices gave it an early-day boost. The Canadian dollar ended Thursday at C$1.1597 to the greenback, or 86.23 US cents, stronger than Wednesday's close of C$1.1639, or 85.92 US cents. Investor attention will shift on Friday to a slew of domestic economic data, including inflation and retail sales.
"The test for Canada will be if we get soft data at the same time the US data remains strong.

Copyright Reuters, 2014

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