Canadian dollar hits five-week low as Mideast optimism fades

The Canadian dollar fell to a five-week low versus the U.S. dollar as optimism faded for a quick end to the Middle East war. The move was also pressured by a domestic measure of Canadian small business optimism dropping to a one-year low, reinforcing a softer risk and growth backdrop.

Analysis

The Canadian dollar fell to a five-week low versus the U.S. dollar as optimism faded for a quick end to the Middle East war. The move was also pressured by a domestic measure of Canadian small business optimism dropping to a one-year low, reinforcing a softer risk and growth backdrop.