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Markets

C$ pares some recent gains as risk appetite slips

Published November 13, 2017 Updated November 13, 2017 09:05pm

TORONTO: The Canadian dollar weakened against its US counterpart on Monday, paring some of its recent gains despite higher oil prices, as uncertain prospects for a US tax overhaul weighed on risk appetite.

Uncertainty over a US tax overhaul deal pushed world stock markets further away from recent record highs. Canada's commodity-linked currency tends to lose ground when investors become risk-averse.

Copyright Reuters, 2017
 

 

 

 

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