Canadian Dollar Gains Versus Majors on China Factories
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The Canadian Dollar weakened against the majority of its 16 most-traded peers after factory sales fell more than economists forecast and industrial production in the U.S. rose by the most in two years.
The currency fell against its U.S. peer after Statistics Canada said factory manufacturing sales declined 1.4 percent to C$40.8 billion ($49.6 billion) in October, the biggest decline since January. The Canadian dollar remained higher for a second consecutive week.