Canadian dollar edges higher as oil prices climb – Reuters.com
- Date: 05-Jul-2023
- Source: Reuters
- Sector:Oil & Gas
- Country:Saudi Arabia
Canadian dollar edges higher as oil prices climb – Reuters.com
TORONTO, July 4 (Reuters) - The Canadian dollar strengthened against its U.S. counterpart on Tuesday as oil prices rose and despite domestic data that showed factory activity slowing further in June.
The loonie was up 0.2% at 1.3225 to the greenback, or 75.61 U.S. cents, in subdued trading with U.S. financial markets closed for the July 4 public holiday.
The currency traded in a range of 1.3204 to 1.3256, extending the sideways pattern of recent days. It notched a 2.5% gain in June.
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