Market News
Canadian dollar adds to weekly gain on tariff skepticism - REUTERS
By Fergal Smith
Summary
- Canadian dollar gains 0.2% against the greenback
- For the week, the currency climbs 0.9>#/li###
- Flash estimate shows factory sales up 0.6% in December
- Canadian bond yields ease across the curve
TORONTO, Jan 24 (Reuters) - The Canadian dollar strengthened against its U.S. counterpart on Friday, adding to its weekly gain, as few new details on proposed U.S. tariffs led to broad-based declines for the American currency.
The loonie was trading 0.2% higher at 1.4350 per U.S. dollar, or 69.69 U.S. cents, after moving in a range of 1.4316 to 1.4383.
For the week, the currency gained 0.9%, as it recovered from a near five-year low at 1.4515, it hit on Tuesday
