The Canadian dollar weakened to a two-year low against its U.S. counterpart on Friday as the greenback notched broad-based gains ahead of the U.S. presidential election and despite domestic data that showed factory activity growing at a faster pace.
The loonie
USDCAD
was trading 0.1% lower at 1.3950 to the U.S. dollar, or 71.68 U.S. cents, after touching its weakest intraday level since October 2022 at 1.3953. For the week, the currency was down 0.4%
The loonie
USDCAD
was trading 0.1% lower at 1.3950 to the U.S. dollar, or 71.68 U.S. cents, after touching its weakest intraday level since October 2022 at 1.3953. For the week, the currency was down 0.4%
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