The Canadian dollar is lagging its commodity compadres today but still making progress.
USD/CAD earlier stalled out ahead of Wednesday’s lows at 0.9725 and has bounced to 0.9748.
The top story in Canada’s national newspaper today is about foreign suitors circling the oil patch, looking for takeovers.
Industry executives and advisers say offshore buyers are currently in discussions or touring the operations of a wide variety of Canadian oil sands, conventional petroleum, natural gas, oil service and refining operations.
Look for USD/CAD selling to accelerate below 0.9725.
