Canadian Dollar Holds Near Six-Week Low
The Canadian dollar steadied near a six-week low against the US currency as wider interest rate spreads underpinned the greenback. Meanwhile, domestic bond yields fell and oil prices edged slightly lower on easing supply concerns.
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The USD/CAD hovered near a six-week low on Thursday afternoon as widening interest rate spreads pressured Canada's currency. The loonie traded flat at 1.3985 per greenback after touching 1.4001, its weakest level since August 7.
