The Canadian dollar was marginally firmer against its U.S. counterpart on Monday as investors look toward comments from central bank officials at the annual Jackson Hole summit and domestic retail sales data later this week.
The Canadian dollar rose to a two-week high against its U.S. counterpart on Friday, boosted by data showing an uptick in the rate of underlying inflation and a jump in oil prices, while political uncertainty weighed on the greenback.
The Canadian dollar was trading at 79.47 cents US, up from Friday's average price of 79.45 cents US. The September crude contract was down 80 cents to US$47.71 per barrel and the September natural gas contract was up seven cents to US$2.96 per ...
The Canadian dollar firmed modestly against its U.S. counterpart on Tuesday, but remained near the three-week lows set a day earlier as oil prices eased and data showed slower trade growth in China and Germany.