USD/CAD staged a modest recovery from fresh monthly lows, around mid-1.3800s.
A sudden pickup in the USD demand seemed to be the only factor behind the uptick.
Bullish oil prices might continue to underpin the loonie and cap any further gains.
The USD/CAD pair jumped to fresh session lows and was now looking to build on the intraday positive move further beyond the 1.3900 mark.
The pair stalled its recent sharp retracement slide to fresh monthly lows and managed to find some support near mid-1.3800s amid a sudden pickup in the US dollar demand. Following a lacklustre trading action through the major part of Thursday's trading action, the greenback gained some traction during the early North-American session