The Canadian dollar strengthened to its highest in nearly two weeks against the The Canadian dollar strengthened to its highest level in almost two weeks against the U.S. dollar, continuing the gains that began after Canada avoided the immediate imposition of planned U.S. trade duties. The Canadian dollar reached its strongest level since Jan. 22. The fall in the U.S. currency is due to the perception of President Donald Trump's proposed duties as a negotiating tactic rather than an end goal. Earlier, Trump suspended the threat of significant duties on Mexico and Canada, agreeing to a 30-day pause in exchange for concessions on border issues. Technically, the USD/CAD pair's decline came from the area of significant highs, reached in 2016 and 2020, which we wrote about earlier.