Canadian dollar rebounds from two-week low on rising investor optimism

The Canadian dollar rallied to a two-week high against its broadly weaker U.S. counterpart on Friday as oil prices rose and a deal to end the U.S. government shutdown helped boost stocks.

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Chances of another Bank of Canada interest rate hike by the summer have fallen to about 30 per cent from more than 50 per cent at the end of last week.

Suncor Energy said its production averaged 831,000 barrels of oil per day over the last three month, up 12 per cent from the third quarter. (Canadian Press)