Markets

C$ retreats to six-week low after US durable goods data

Published May 26, 2015 Updated May 26, 2015 03:08pm

1 min

By Imad Uddin

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TORONTO: The Canadian dollar slipped to its weakest level in six weeks against the greenback on Tuesday after the U.S. dollar extended session gains on data that showed U.S. business investment spending plans increased for a second month in a row in April.

The Canadian dollar touched C$1.2395 to the U.S. dollar, or 80.68 U.S. cents, softer than before the data was released and sharply weaker than Monday's Bank of Canada close at C$1.2313, or 81.21 U.S. cents.

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