Reuters
C$ hits one-week low as China protests rattle investors
The Canadian dollar weakened to a one-week low against its U.S. counterpart on Monday, as anti-lockdown protests in China weighed on investor sentiment and data showed Canada’s current account balance swinging to a deficit. Stocks and the price of oil, one of Canada’s major exports, suffered a broad sell-off as rare protests in major Chinese cities against the country’s strict zero-COVID-19 curbs hit growth expectations in the world’s second-largest economy. U.S. crude prices fell 2.6% to $74.31 a barrel, while the Canadian dollar was trading 0.6% lower at 1.3458 to the greenback, or 74.31 U.S. cents, after touching its weakest level since Nov. 21 at 1.3473.