The Canadian dollar has drooped down against 13 of its 16 most-traded counterparts and it has gained only against the currencies of New Zealand, Australia and South Africa. The U.S. dollar has shown a rise against all but two major currencies as investors’ appetite for risk waned.
Canadian currency depreciates
Yesterday in Toronto a depreciation of 1.8 percent to C$1.0706 per U.S. dollar has been recorded for the Canadian currency, from C$1.0516 on Nov. 13. This week it has fell down four straight days, which is the longest losing streak since Sept. 2, and it touched C$1.0733, which is the weakest level since Nov. 9. on Oct. 30 the currency last posted a five-day loss. The buying power of one Canadian dollar is 93.41 U.S. cents.
