PTC Web Desk:  After remaining at lower levels for an extended period, the Canadian dollar has begun showing steady signs of recovery. According to currency exchange platforms, one Canadian dollar is now valued at approximately Rs 68 against the Indian rupee, reflecting a gradual strengthening trend.

The Canadian currency has also gained ground against the US dollar, rising slightly above 74 US cents. Just three months ago, it was hovering close to the 68-cent mark, indicating a noticeable improvement in its performance.

Economic experts attribute the strengthening of the Canadian dollar to Prime Minister Mark Carney’s financial expertise and policy direction. Analysts believe that instead of yielding to tariff pressures imposed by US President Donald Trump, the Canadian government has focused on reducing over-dependence on external markets while actively exploring new opportunities for domestic industries. These efforts, they say, have helped restore confidence in Canada’s economic outlook.

Looking back, the Canadian dollar was marginally stronger than the US dollar during 2013–14. However, policy missteps during the final years of former Prime Minister Stephen Harper’s tenure led to a gradual decline in the currency’s value. The downward trend continued under former Prime Minister Justin Trudeau, with the Canadian dollar eventually falling to lows of around 68 US cents.

Observers note that Mark Carney’s deep understanding of global finance, shaped by his tenure as Governor of the Bank of Canada and later the Bank of England, has played a crucial role in stabilising economic sentiment. Since assuming office as Prime Minister, his financial leadership has further strengthened confidence in Canada’s economy, contributing to the currency’s recent gains.