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Markets

C$ steadies after hitting 4-month low on oil price slump

Published Updated

TORONTO: The Canadian dollar was little changed against the greenback on Tuesday, steadying after it touched the weakest level in nearly four months earlier in the session as a sell-off in oil accelerated.

The price of oil, one of Canada's major exports, plunged to lows not seen since last November due to ongoing worries about weakening global demand, oversupply and declines across other asset classes, including equities.

Copyright Reuters, 2018
 

 

 

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