Canadian dollar dips with oil but stays in reach of 2½-month high GlobeInvestor
This translation has been automatically generated and has not been verified for accuracy.The Canadian dollar edged lower against its U.S. counterpart on Thursday as oil prices fell and data showed a widening in Canada’s current account deficit, but the loonie stayed within reach of a 2-1/2-month high.
Canada’s current account deficit widened to $11.1 billion in the first quarter from a revised $9.3 billion deficit in the fourth quarter, on a higher trade in goods and services deficit, Statistics Canada said.A wider current account deficit could leave the loonie more sensitive to moves in the global flow of capital.
The Canadian dollar was trading 0.1 per cent lower at 1.3765 to the greenback, or 72.65 U.S. cents. The loonie, which on Wednesday touched its strongest in two-and-a-half months at 1.3723, traded in a range of 1.3734 to 1.3789.
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