Canadian Dollar Holds Near 11-Day High as Investors Dismiss US Bridge Threat

The loonie remains steady despite tensions between the US and Canada over a new border bridge.

Published on Feb. 10, 2026

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The Canadian dollar held steady near an 11-day high against the US dollar on Tuesday as investors shrugged off tensions between the United States and Canada over the opening of a new $4.7 billion bridge connecting Detroit and Windsor, Ontario. Canadian Prime Minister Mark Carney said the two countries will resolve the issue, despite US President Donald Trump's threat to bar the bridge's opening.

Why it matters

The dispute over the new bridge highlights ongoing trade tensions between the US and Canada, but the market is not taking the threat seriously, expecting the two countries to resolve the issue. Investors are also betting that Canada will benefit from a commodities boom, which could lead to increased investment and foreign exchange flows.

The details

The Canadian dollar was trading nearly unchanged at 1.3550 per US dollar, or 73.80 US cents, after touching its strongest intraday level since January 30 at 1.3524. Analysts say investors doubt the United States-Mexico-Canada Agreement, a continental trade pact, will be discontinued and expect Canada to benefit from increased investment in raw materials and natural resource development.

  • The Canadian dollar reached an 11-day high against the US dollar on February 10, 2026.

The players

Mark Carney

The Prime Minister of Canada who said the US and Canada will resolve the issue of the new border bridge.

Donald Trump

The President of the United States who threatened to bar the opening of the new $4.7 billion bridge connecting Detroit and Windsor, Ontario.

Adam Button

The chief currency analyst at investingLive who said the market is not taking the US threat seriously and expects Canada to benefit from a commodities boom.

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What they’re saying

“The market isn't taking this latest threat seriously at all.”

— Adam Button, Chief Currency Analyst (investingLive)

“We're really at the leading edge of an investment cycle into raw materials and that's going to mean building mines in Canada and developing natural resources. Those are huge FX flows.”

— Adam Button, Chief Currency Analyst (investingLive)

The takeaway

Despite ongoing trade tensions between the US and Canada, the market is not overly concerned about the dispute over the new border bridge, expecting the two countries to resolve the issue. Investors are betting that Canada will benefit from increased investment and foreign exchange flows driven by a commodities boom.