Markets are unsure of what the U.S. intends to do with Iran, it keeps promising that there will be consequences , as yet, nothing of significance. Today President Trump stated that China and Japan should pay the USA to protect their ships in the straits of Hormuz, he went to say that the U.S. has more than ample oil supplies and that if the straits were to shut down , the impact to his country would be minimal. This is sending mixed signals to international markets as what Trump plans to do, it’s a wait and situation.
Currently Close Range
USDCAD 1.3195 1.3022 1.3178-1.3221
EURCAD 1.5032 1.5032 1.5005=1.5054
GBPCAD 1.6800 1.6852 1.6772-1.6852