Canadian PM Trudeau: C$5 billion in additional lending capacity for farmers and producers

Canada is opening up 5 billion CAD in additional lending capacity for farmers and producers, Canadian Prime Minister Trudeau announced on Monday while updating the press on Canada's response to the coronavirus outbreak.

Market reaction

The USD/CAD pair continues to push higher on Monday. As of writing, the pair was trading at 1.4525, adding 1.13% on a daily basis. Despite the selling pressure surrounding the greenback, the sharp fall in crude oil prices allow the pair to preserve its bullish momentum.