steadied against its U.S. counterpart on Wednesday, holding on to its recent gains, as fears eased over a global banking crisis, bolstering risk appetite and as investors awaited clues on the Bank of Canada policy outlook.
U.S. crude oil futures climbed 1.4 per cent to $74.19 a barrel, while the Canadian dollar was trading nearly unchanged at 1.3595 to the U.S. currency, or 73.56 U.S. cents, after touching its strongest since March 3 at 1.3572. Bank of Canada Deputy Governor Toni Gravelle is due to speak on market liquidity measures taken during the COVID-19 crisis. The central bank will release his prepared remarks at 12:30 ET .
On Tuesday, Canada sought to close competitive gaps with the United States in a budget aimed at attracting investment in the low-carbon economy.
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