Canada FX Debt – C$ Ends Weaker After Volatile Day, Bonds Rise
June 25, 2009 - The Canadian dollar fell against the U.S. dollar on Thursday, pulled lower by an unexpected rise in weekly U.S. jobless claims that dimmed the economic picture, but firmer oil prices cushioned the fall.
At one point, the Canadian currency fell as low as C$1.1639 to the U.S. dollar, or 85.92 U.S. cents, its lowest level since May 18, before trimming losses as the price of oil, a key Canadian export, rose more than 2 percent to above $70 a barrel.
Its high for the day was C$1.1523 to the U.S. dollar, or 86.78 U.S. cents.
