Canada Dollar Falls to Weakest Since July as Crude Oil Declines

The Canadian Dollar touched the weakest level against its U.S. counterpart since July as the price of crude oil, the nation’s biggest export, declined for a fourth day.

The currency weakened as futures of crude oil fell 1.4 percent to $92.39 per barrel in New York. So-called commodity currencies, which include Canada’s and the Australian and New Zealand dollars also declined. Yields on Treasury 10-year notes have increased to 19 basis points more than Canadian debt, from negative nine basis points in January, amid speculation that U.S. policy makers will reduce monetary stimulus earlier than Canadian officials.