Canada’s Dollar Declines for Third Week Amid Syria Speculation
This article is for subscribers only.
The Canadian currency fell for a third week as the possibility of a U.S. military strike against Syria damped appetite for riskier assets and burnished the haven appeal of the U.S. dollar.
Canada’s dollar fluctuated as a U.S. intelligence report concluded with “high confidence” Syria carried out a chemical attack against its own people, while Secretary of State John Kerry said the U.S. was committed to a “diplomatic process” on the country. The currency rose earlier today after data showed Canada’s economy grew more than forecast in the second quarter even after shrinking in June the most since 2009.