The Canadian dollar rebounded on Wednesday from a one-month low hit the day before against its U.S. counterpart, helped by higher oil prices, while investors awaited the start of negotiations to modernize the North American Free Trade Agreement.
The Canadian dollar hit a nearly four-week low against its U.S. counterpart on Wednesday as worries about increased U.S.-North Korea tension weighed, offsetting higher oil prices and stronger-than-expected domestic housing data.
The Canadian dollar was trading at an average price of 78.71 cents US, down 0.12 of a cent. Elsewhere in commodities, the September natural gas contract fell 2.4 cents to about US$2.96 per one million British Thermal Units and the September copper ...
The Canadian dollar was trading at an average price of 78.71 cents US, down 0.12 of a U.S. cent. The September crude contract shed US$1.23 to US$47.59 per barrel, while the December gold contract fell US$3.60 to US$1,290.40.