Canadian dollar heads for seventh straight weekly gain as oil prices jump

The Canadian dollar CADUSD moved closer on Thursday to a recent five-month high against its U.S. counterpart as oil prices rose and one day after the Bank of Canada paused its interest rate cutting campaign. The loonie was trading 0.1 per cent higher at 1.3845 per U.S. dollar, or 72.23 U.S. cents, …