Canadian dollar slips as US dollar gains outweigh oil rise
The Canadian dollar fell against the greenback as broad U.S. dollar gains overshadowed a rise in oil prices. Investors now await domestic trade and jobs data.
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The Canadian dollar weakened against its U.S. counterpart on Wednesday as the greenback saw broad gains, leaving the loonie unable to capitalize on rising energy prices. The USD/CAD currency pair saw the loonie trading 0.1% lower at 1.3590 per U.S. dollar, or 73.58 U.S. cents, after fluctuating between 1.3556 and 1.3605 throughout the session.
