Canadian Currency in Tightest Range in Three Weeks

The Canadian dollar traded in its tightest range in more than three weeks on concern the economy is faltering as leaders from developed nations warned against using exchange rates to gain unfair trade advantages.

Canada’s currency fluctuated versus its U.S. peer a day after Group of Seven policy makers roiled the markets they sought to calm amid conflicting messages on how much of an economic threat the weakening yen poses. Group of 20 finance ministers and central bankers meet this week. Bank of Canada Governor Mark Carney reiterated to lawmakers yesterday interest-rate increases are less urgent in the face of a slow economy.