Canadian Dollar Trades in Narrowest Weekly Range Since March
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The Canadian dollar is trading this week in the narrowest range since March amid speculation whether U.S. budget deficit talks will remove the risk of recession in the nation’s biggest-trading partner.
The currency has traded between C$1.0057 and 99.85 cents per U.S. dollar since Nov. 12. The loonie, as the dollar is nicknamed for the image of the waterfowl on the C$1 coin, traded below parity with the greenback for a fourth day and is at the weakest level since August.