Canada’s Dollar Fluctuates After Second-Quarter Growth Report

Aug. 31 (Bloomberg) -- Canada’s dollar is poised for the biggest monthly depreciation since May on speculation the recovery in the U.S., the nation’s largest trading partner, has faltered.

The currency fluctuated today after Statistics Canada said the economy grew by 0.2 percent in June, compared with a median forecast in a survey for 0.1 percent growth. Currencies of countries such as Canada, where natural resources account for more than half of export revenue, tend to rally on economic optimism.

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