Tag: Canadian dollar
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C$ weakens as rise in global bond yields spooks investors
The Canadian dollar weakened against its U.S. counterpart on Wednesday as concern that central banks could leave interest rates at elevated levels longer than previously thought raised demand for the safe-haven greenback. The loonie was trading 0.5% lower at 1.3710 to the U.S. dollar, or 72.94 U.S. cents, after moving in a range of 1.3642…