The Canadian dollar strengthened 0.18% to trade around 1.37, reaching its strongest level since March. This recovery was primarily driven by a broader depreciation of the US dollar, as the DXY fell toward the 98.05 level. Technically, the USDCAD has pulled back from April highs near 1.390 and is now testing key support at 1.374. The loonie's gains are also supported by solid domestic data, including a 3.6% surge in Manufacturing Sales and a 2% rise in Wholesale Sales for February. While oil prices remain a factor for the commodity-linked currency, the current trend mainly reflects the greenback's widespread weakness across global markets.