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.