Canadian dollar gains for second day as Wall Street rallies

The Canadian dollar CADUSD strengthened against its U.S. counterpart on Thursday for a second straight day as equity markets climbed and the Bank of Canada said there is a limit to how much U.S. and Canadian interest rates can diverge. The loonie was trading 0.4% higher at 1.3685 to the U.S. dollar, or 73.07 U.S. cents, after trading in a range of 1.3681 to 1.3742. “The Canadian dollar has clearly been benefiting from broad USD selling on the back of …