Market News
Canadian dollar pares monthly gain on rising risk aversion - REUTERS
By Fergal Smith
Summary
- Canadian dollar falls 0.5% against the greenback
- Touches its weakest since March 20 at 1.4395
- For the month, the loonie advances 0.6%
- Bond yields ease across the curve
TORONTO, March 31 (Reuters) - The Canadian dollar weakened against its U.S. counterpart on Monday, giving back some monthly gains, as investors grew risk-averse ahead of U.S. trade tariffs expected to be unveiled this week.
The loonie was trading 0.5% lower at 1.4385 per U.S. dollar, or 69.52 U.S. cents, after touching its weakest intraday level since March 20 at 1.4395.
