Business Recorder
Canadian dollar holds at one-month low

Canadian dollar holds at one-month low




TORONTO: The Canadian dollar was little changed at a one-month low against its US counterpart on Thursday after two days of sharp losses, as oil prices steadied and domestic bond yields picked up slightly more than Treasuries.

At 8:46 a.m. ET (1246 GMT), the Canadian dollar was trading at C$1.3488 to the greenback, or 74.14 US cents, slightly stronger than Wednesday’s close of C$1.3480, or 74.18 US cents.

It was trading in a tight range between C$1.3462 and C$1.3495, after changing hands in the C$1.33 range earlier in the week.—Reuters



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