Canadian dollar hits two-month low as oil prices decline
The loonie hit a two-month low Wednesday as oil prices fell on Middle East ceasefire hopes. Weak domestic data and U.S. tariffs also weighed on the currency.
Xurve View
Xurve View
The Canadian dollar weakened to its lowest level in two months on Wednesday as a combination of falling oil prices and domestic economic concerns weighed on investor sentiment. The loonie traded 0.3% lower at 1.3809 per dollar from the United States, representing its weakest intraday position since January 22.
