Canadian dollar strengthens as oil prices rise for fifth consecutive day

The Canadian dollar strengthened slightly against its U.S. counterpart on ‍Wednesday as oil ​prices rose and investors awaited domestic housing data. The loonie was trading 0.1 per cent higher at 1.3875 per U.S. dollar, or 74.21 U.S. cents, after trading in a range of 1.3867 to 1.3898. On Friday, …