Canadian dollar hits one-week low

07 Apr, 2019

The Canadian dollar weakened to a one-week low against its US counterpart on Friday as domestic data showing an unexpected decline in jobs diminished prospects of the Bank of Canada turning more upbeat on the economy.
At 2:36 p.m. (1836 GMT), the Canadian dollar was trading 0.3% lower at 1.3392 to the greenback, or 74.67 US cents. The currency, which was also down 0.3% for the week, touched its weakest since March 29 at 1.3403.
The loonie has advanced 1.9% since the start of the year even as it has lost ground since February, making it the second best performing currency in the G10 after sterling.

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