Canada Dollar Falls to 1-Month Low as Weak Data Damp Risk Demand
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Canada’s dollar fell to its lowest level in almost a month against its U.S. counterpart as a slump in Chinese non-manufacturing industrial growth offset a private report showing U.S. employers hired more workers than forecast.
The currency weakened for a second day before data Oct. 5 that economists project will show Canadian employers added fewer workers last month. Crude oil, the nation’s largest export, fell below $90 a barrel and euro-area services and manufacturing output contracted in September, damping demand for riskier assets.