Market News
Canadian dollar weakens as trade war spooks investors - REUTERS
By Fergal Smith
Summary
- Canadian dollar falls 0.4% against the greenback
- Price of oil drops 1.6%
- Bond yields ease across the curve
TORONTO, March 13 (Reuters) - The Canadian dollar weakened against the greenback on Thursday as oil prices fell and the latest escalation of the trade war between the United States and other countries, including Canada, weighed on investor sentiment.
The loonie was trading 0.4% lower at 1.4425 per U.S. dollar, or 69.32 U.S. cents, but holding within the 1.4240 to 1.4543 range it has operated in since the beginning of March.
