Early in October, the Canadian dollar surpassed the 1.36 USD level because to rising oil prices caused by the intensifying Middle East crisis.

Furthermore, despite the strong tightening measures taken by the Bank of Canada, 

recent economic statistics showed that the Canadian economy is resilient. In September, the nation added the most jobs in eight months while maintaining a constant unemployment rate of 5.5%.

Additionally, Canada posted its first trade surplus since April, with a substantial increase in exports, 

and the Ivey Purchasing Manager Index for September exceeded forecasts. These gains happened despite the Dollar Index gaining after the U.S. released better-than-expected job statistics, 

supporting the argument for an upcoming Fed rate rise.

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