Market News
Canadian dollar edges lower ahead of US tariff announcement - REUTERS
By Fergal Smith
Summary
- Canadian dollar dips 0.1% against the greenback
- Trades in a range of 1.4290 to 1.4334
- Price of oil increases 0.5>#/li###
- Bond yields rise across the curve
TORONTO, April 2 (Reuters) - The Canadian dollar edged lower against its U.S. counterpart on Wednesday as investors globally awaited the announcement of sweeping new U.S. tariffs that could escalate a trade war.
The loonie was trading 0.1% lower at 1.4315 per U.S. dollar, or 69.86 U.S. cents, after moving in a range of 1.4290 to 1.4334.
