Canadian dollar hits 11-day low as investors eye U.S. interest rate clues

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Canadian dollar hits 11-day low as investors eye U.S. interest rate clues
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Loonie at 73.21 U.S. cents

weakened to a near two-week low against its U.S. counterpart on Tuesday as oil gave back some of its recent gains and investors awaited key testimony from Federal Reserve Chair Jerome Powell.

The price of oil, one of Canada’s major exports, fell as a stronger U.S. dollar and weak oil data from top crude oil importer China shifted momentum after five days of gains.

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