Canadian dollar fell 0.2% to C$1.3615 per USD, trading between 1.3582 and 1.3619 amid US‑Iran tensions.
Brent crude rose 5.6% above $114 per barrel and WTI up 3.6% over $105 as safe‑haven USD strengthened.
Bank of Canada signaled possible consecutive rate hikes if oil‑driven inflation persists, with markets pricing two hikes by end‑2026.
Vantry Capital COO Darren Richardson noted negative headlines boost USD while positive developments support loonie.