Market News
Canadian dollar edges lower against dominant greenback - REUTERS
By Fergal Smith
- Summary
- Canadian dollar falls 0.2% against the greenback
- Canada factory PMI rises to 22-month high
- Price of U.S. oil increases 2.2%
- Bond yields were little changed
TORONTO, Jan 2 (Reuters) - The Canadian dollar weakened against its U.S. counterpart on Thursday on the first trading day of 2025, but fared better than some other major currencies as oil prices rose and data showed Canada's factory sector expanding for a fourth straight month.
The loonie was trading 0.2% lower at 1.4410 to the U.S. dollar, or 69.40 U.S. cents, after moving in a range of 1.4370 to 1.4442. Last month, the currency touched a near five-year low at 1.4467.
