This translation has been automatically generated and has not been verified for accuracy.The Canadian dollar weakened to a near six-week low against the greenback on Wednesday as investor sentiment soured on U.S.-China tensions, but the loonie clawed back some losses after domestic inflation data that was in line with expectations.
Canada’s annual inflation rate held steady in October at 1.9 per cent as expected, data from Statistics Canada showed, marking the third straight month of little change.“The external climate is of more concern for the loonie at the moment and Bank of Canada officials are doing a fantastic job of talking it down,” said Simon Harvey, FX market analyst for Monex Europe and Monex Canada.
The tensions could make it more difficult for the United States and China to reach a trade deal. Canada is a major exporter of commodities, including oil, so its economy could be hurt by prolonged trade uncertainty.
globeinvestor So want the reason for the other 33 cent slump Canada is in a false economy and it’s going to burst, big
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