CANADA FX DEBT-C$ hits 1-month low as BoC survey shows economy remaining soft

TORONTO, Jan 15 (Reuters) – The Canadian dollar fell to a one-month low against its U.S. counterpart on Monday as oil prices dipped and a Bank of Canada survey highlighted continued weakness in the domestic economy. The loonie was trading 0.2% lower at 1.3435 to the greenback, or 74.43 U.S. cents after touching its weakest intraday level since Dec. 14 at 1.3448. Canadian firms say their order books declined as interest rates crimped consumer spending, and they see inflation easing despite increased concerns over wages for the next year, the central bank said in a quarterly survey. “The overriding message from the BOS (Business Outlook Survey) was that the economy remains soft, and price pressure will likely continue to ease,…

Source: Yahoo! Finance
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