Canadian dollar rises amid calm trading in markets

Canadian dollar rose against greenback as the global markets returned to calm and investors' risk appetite rebounded on assets such as equities and currencies and shifting away from safe havens such as bonds.

Market's concerns over a near recession for the global economy mounted, especially after the US bonds yield curve inverted, and the German bonds falling to a negative range.

In addition to the impact of the ongoing US-China trade war, despite Trump's decision to delay the tariffs increase on several Chinese imports until mid-December.

While the global central banks are heading for more interest rates cuts to face these fears and to attract capital and stimulate their economies.

By 16:30 GMT, CAD/USD rose by 0.2% to $0.7528, with a high of $0.7538 and a low of $0.75.