Canadian dollar weakens for seventh-straight day as yield spreads widen

The Canadian dollar was on track for its longest daily losing streak since January against the U.S. dollar as the spread between Canadian and U.S. bond yields widened. The move points to relative yield pressure on CAD, though the article is a brief market update with limited broader implications.

Analysis

The Canadian dollar was on track for its longest daily losing streak since January against the U.S. dollar as the spread between Canadian and U.S. bond yields widened. The move points to relative yield pressure on CAD, though the article is a brief market update with limited broader implications.