Breaking News

NASA Chooses Boeing, SpaceX to Transport U.S. Astronauts
Tweet TWEET

Canadian Dollar Erases Gain as Ukraine Spurs Refuge Flight

The Canadian dollar erased gains as renewed turmoil in the Ukraine prompted traders to seek a refuge in currencies such its U.S. counterpart.

“We are seeing risk assets underperform and that is what is causing the Canadian dollar to move higher,” Martin Schwerdtfeger, a currency strategist at Toronto-Dominion Bank’s TD Securities unit in Toronto, said in a phone interview.

To contact the reporter on this story: Akin Oyedele in New York at aoyedele1@bloomberg.net

To contact the editor responsible for this story: Dave Liedtka at dliedtka@bloomberg.net

Press spacebar to pause and continue. Press esc to stop.

Bloomberg reserves the right to remove comments but is under no obligation to do so, or to explain individual moderation decisions.

Please enable JavaScript to view the comments powered by Disqus.