Canadian dollar weakens

The Canadian dollar weakened on Tuesday to a 12-day low against its US counterpart, whose gains against a basket of major currencies offset higher prices for oil, a major export for Canada. The greenback climbed after two Federal Reserve policymakers pointed to a potential US interest rate increase next month, turning attention to the bullish fundamentals of the world's biggest economy. At 9:04 am ET (1404 GMT), the Canadian dollar was trading at C$1.3145 to the greenback, or 76.07 US cents, weaker than Monday's close of C$1.3101, or 76.33 US cents, according to Reuters data.