USD/CAD is stable in low trading activity

The US dollar was almost unchanged against the dollar on Thursday in Canada, as sentiment on the US currency remain, despite the rebound in oil prices supported the Canadian commodity currency.
Trading activity will be low, as US markets are closed on the occasion of Thanksgiving Day.
In early US trade, the pair USD/CAD reached 1.3535, the highest since November 18, the pair subsequently consolidated at 1.3498.
The pair was likely to receive support at 1.3420, Wednesday's low and resistance at 1.3566, the high of November 18.
The dollar was supported against the backdrop of expectations that the presidency of Trump would increase budget spending and tax cuts, which, in turn, will contribute to the acceleration of economic growth and inflation.
Accelerating economic growth and inflation will allow the Fed to continue tightening monetary policy.
Dollar rally was also triggered by rising expectations that the US central bank will raise rates at the meeting on 13-14 December.
Late last week, the chairman of the Federal Reserve Board of Governors Janet Yellen said that the rate increase, "is expedient in the near future."
Meanwhile, the Canadian dollar was supported against the backdrop of rising oil prices on Thursday.
Canadian fell against the euro, EUR/CAD rose by 0.20% to 1.4262.