Canada Dollar Extends Longest Losing Streak to Reach 13-Year Low

Updated on
  • Market's likelihood of a rate cut next week above 50 percent
  • Crude oil below $30 per barrel again casts doubt on rebound

Canadian Dollar Extends Longest Losing Streak

The Canadian dollar plunged to an almost 13-year low, continuing its longest losing streak as a freely traded currency, as oil prices fell below $30 per barrel and bets grew the Bank of Canada will cut interest rates back to a record low next week.

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