After Saudi Arabia resumed its bombing campaign over Yemen yesterday, oil prices are sitting near a 2015 high this morning, with Brent trading at $65 a barrel while the West Texas flavour nears the $58 mark.
The loonie has taken flight in response, pushing toward a key psychological threshold as brightening economic hopes translating into the foreign exchange markets. Interest rate differentials between the currency and its all-important American counterpart have stabilized over the past week, with the Bank of Canada’s optimistic outlook helping to put a floor beneath overnight rates.
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