Canadian Currency Weakens as Commodities Decline for a Third Day
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Canada’s dollar weakened versus all of its 16 most-traded counterparts except the South African rand as commodities including oil, the nation’s biggest export, dropped for a third day.
The currency traded at almost a two-week low versus the U.S. dollar amid speculation an Aug. 9 report will say Canada’s economy failed to create as many jobs in July as economists forecast after data last week showed U.S. payrolls grew less than projected. Canadian government bonds fell, pushing 10-year yields almost to a two-year high.