Canadian dollar dips as weak German data compounds fears about the global economic outlook GlobeInvestor
The Canadian dollar edged lower against its broadly stronger U.S. counterpart on Thursday as weak German data compounded worries about the global economic outlook and as investors awaited domestic jobs data on Friday.
Industrial orders in Germany fell by the biggest margin in more than two years in February, highlighting the extent of the slowdown amid the risk of a no-deal Brexit and global trade disputes.Canada exports many of its commodities, including oil, so its economy could be hurt by a slowdown in global growth.
At 9:18 a.m. , the Canadian dollar traded 0.1 per cent lower at 1.3364 to the greenback, or 74.83 U.S. cents.
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