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C$ at strongest in a month as oil rallies
Shoaib Ur Rehman
15 Aug, 2016
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Copyright Reuters, 2016
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![](https://i.brecorder.com/images/2016/08/canadian-dollar-april1.jpg">TORONTO: The commodity-linked Canadian dollar strengthened to a one-month high against its US counterpart on Monday as oil prices rose and sluggish US data tempered expectations of a Federal Reserve interest rate hike this year.</P><P>Oil prices rose to their highest in five weeks as speculation intensified about potential producer action to support prices in an oversupplied market. US crude settled up 2.8 percent at $45.74 a barrel.</P><P>)