Market News
Canadian dollar approaches December low on tariff concern - REUTERS
By Fergal Smith
Summary
- Canadian dollar weakens 0.5% against the greenback
- Trades in a range of 1.4383 to 1.4464
- Price of U.S. oil settles 1.7% lower
- 10-year yield hits a 10-day low
TORONTO, Jan 17 (Reuters) - The Canadian dollar weakened against its U.S. counterpart on Friday, with the currency approaching a multi-year low it hit in December as the looming U.S. presidential inauguration focused attention on expected trade tariffs.
The loonie was trading 0.5% lower at 1.4460 per U.S. dollar, or 69.16 U.S. cents, after trading in a range of 1.4383 to 1.4464. Last month, it touched its weakest level in nearly five years at 1.4467.
