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Canadian Dollar Extends Weekly Decline

The Canadian dollar dropped against its US counterpart as widening bond yield gaps weighed on the currency. The loonie headed toward its eighth straight daily decline. Investors now await upcoming comments from Bank of Canada Governor Tiff Macklem.

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Canadian currency in the form of twenty dollar bills are displayed in this posed photograph in Toronto, October 22, 2008. REUTERS/Mark Blinch

The Canada dollar fell 0.1% to 1.4010 per United States dollar on Friday, heading for its eighth straight daily decline. It marks the currency's longest losing streak since May as yield spreads widened.
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