Market News
Loonie dips as investors await Canada's response to US tariff threat - REUTERS
Summary
- Canadian dollar slips 0.1% against the greenback
- Trades in a range of 1.4366 to 1.4404
- 10-year yield rises to nearly six-week high
TORONTO, Jan 9 (Reuters) - The Canadian dollar edged lower against its U.S. counterpart for a third-straight day on Thursday as investors questioned the wisdom of suspending Canada's parliament at a critical time for the economy, and awaited domestic jobs data.
The loonie was trading 0.1% lower at 1.4390 per U.S. dollar, or 69.49 U.S. cents, after moving in a range of 1.4366 to 1.4404.
Canadian Prime Minister Justin Trudeau said on Monday he would step down in the coming months and that parliament would be prorogued until March 24.
