Market News
Canadian dollar extends breach of key psychological level - REUTERS
By Fergal Smith
- Canadian dollar weakens 0.3% against the greenback
- Touches its weakest since May 2020 at 1.4039
- Price of U.S. oil increases 0.5%
- Bond yields ease across a flatter curve
TORONTO, Nov 14 (Reuters) - The Canadian dollar weakened further beyond a key psychological level against its U.S. counterpart on Thursday, pressured by broad-based gains for the American currency and the potential for U.S. trade tariffs to hurt the domestic economy.
The loonie was trading 0.3% lower at 1.4035 to the U.S. dollar, or 71.25 U.S. cents, its fifth straight day of declines.
The currency touched its weakest intraday level since May 2020 at 1.4039, after briefly moving past the 1.40 level on Wednesday.
