Canadian dollar ends slightly weaker

Canada's dollar eased slightly on Friday as unexpectedly weak US consumer sentiment data kept investors nervous, capping a volatile week that saw the Canadian currency drop to below parity with the US dollar. "If your largest trading partner is suffering, it is not necessarily the best situation, so that's enough reason to stay cautious with respect to the Canadian dollar," said David Watt, senior currency strategist at Royal Bank of Canada.
The Canadian currency closed the session at C$0.9907 to the US dollar, or $1.0094, slightly below C$0.9883 to the US dollar, or $1.0118, at Thursday's close.