Trade Magnates -The Canadian Dollar regaining its value against the US dollar on Wednesday after the Canadian manufacturing sales rose by 1.6% MoM during the month of August. The USDCAD reached 1.2500 price earlier on the day.
Other factors to the CAD regain are the increasing prices in WTI crude oil and the NAFTA talks due in the next months.
Meanwhile, the US housing and building permits, after the multiple hurricanes which have hit the US during the last month, is struggling at a monthly 4.7% and 4.5% respectively.