C$ at 8-Month Low

The Canadian dollar weakened to a fresh eight-month low against its US counterpart on Friday as oil tumbled and as the greenback padded its gains since the US election this week, AAP reported. For the week, the loonie lost 1%. The US dollar gained ground against a basket of major currencies. At 4:33 p.m. EDT (2133 GMT), the Canadian dollar was trading at C$1.3538 to the greenback, or 73.87 US cents, weaker than Thursday’s close of C$1.348, or 74.17 US cents. The currency’s strongest level of the session was C$1.345, while it touched its weakest since March 1 at C$1.354.