Trump Signs Memoranda on Keystone, Dakota Access The Canadian dollar surged after U.S. President Donald Trump moved to advance the construction of the Keystone XL pipeline, which would enable the country to ship more crude oil to the U.S. and buoy growth. The currency rallied as much as 1 percent to C$1.3106 per U.S. dollar, outperforming all of its Group-of-10 peers and extending its advance this year to 2.1 percent. It appreciated for a second day, recovering from a two-week low reached on Friday. The currency was at C$1.3158 per U.S. dollar at 2:22 p.m., close to its 200-day moving average of C$1.3115 in Toronto. Trump’s decision to move forward with the pipeline that would transport Alberta oil sands crude to the U.S. Gulf Coast is a departure from the Obama administration, which rejected the project in 2015. It helped reignite […]