Canada Dollar Weakens as China Flows May Boost Others
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The Canadian dollar fell against its Australian and New Zealand counterparts as comments from the Chinese securities regulator indicated the possibility of more foreign investment in Chinese firms.
The Canadian currency declined versus a majority of its 16 most-traded peers as Chinese stocks rose the most in a month after Guo Shuqing, Chairman of the China Securities Regulatory Commission, said China can raise quotas to allow foreigners as well as offshore yuan holders in Hong Kong to buy stocks and bonds in the mainland.