Loonie at 76.75 U.S. cents
fell against its broadly stronger U.S. counterpart on Monday as oil prices and equity markets lost ground, while investors awaited a Bank of Canada interest rate decision later in the week.
Some strategists say that there is a chance the central bank moves even more aggressively, hiking by 100 basis points. U.S. crude prices were down nearly 2 per cent at $102.7 a barrel, while the Canadian dollar was trading 0.6 per cent lower at 1.3030 to the greenback, or 76.75 U.S. cents. The currency traded in a range of 1.2943 to 1.3035.
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