Canadian Dollar Slips as Oil Tops $100 a Barrel
The Canadian dollar edged lower and bond yields jumped as U.S. oil prices surpassed $100 a barrel for the first time since May. The surge in energy prices amplified investor worries regarding persistent inflation and potential interest rate hikes.
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The Canadian dollar edged lower against the greenback on Thursday and bond yields jumped as West Texas Oil topped $100 a barrel. The currency slipped 0.1% to 1.3810 per U.S. dollar, touching a range between 1.3801 and 1.3835.
