November 29, 2022

Canadian greenback’s weekly successful streak ends as oil slides

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TORONTO — The Canadian greenback weakened towards its U.S. counterpart on Friday, with the forex including to this week’s decline as oil costs fell and information confirmed the biggest divestment of Canadian securities by overseas buyers in practically 4 years.

The loonie was buying and selling 0.5% decrease at 1.3390 to the buck, or 74.68 U.S. cents, after touching its weakest degree since Nov. 10 at 1.3409.

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