The loonie traded for 81.34 cents US Thursday, the highest level since February 2018. It's been above 80 cents US since last week.

The Canadian dollar tumbled from an eight-week high against its U.S. counterpart on Wednesday, pressured by lower oil prices and broader gains for the greenback after the Federal Reserve raised U.S. interest rates for the first time in a year.

From loonie fluctuations to higher mortgage rates, a look at how the rate hike south of the border could be felt in Canada.