Loonie at 74.43 U.S. cents
weakened to a six-day low against its U.S. counterpart on Thursday as U.S. economic data rattled investors, while Bank of Canada Governor Tiff Macklem prepared to make an appearance before a parliamentary committee.
The number of Americans filing new claims for unemployment benefits unexpectedly fell last week, offering more evidence of the economy’s resilience despite tighter monetary policy, and monthly producer prices accelerated in January. Bank of Canada Governor Tiff Macklem and Deputy Governor Carolyn Rogers are due to appear before the House of Commons Standing Committee on Finance at 11 a.m. EST .
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