The loonie was down 0.07 of a cent to
It's not known what such a deal would be worth, but it could have an impact on the dollar.
That's because a foreign buyer acquiring a Canadian company will need Canadian currency to close the deal, boosting demand for the loonie on financial markets.
Meanwhile, Statistics Canada releases the June reading on gross domestic product growth on Friday. Economists expect that Statistics Canada will report that GDP grew by 0.2 per cent in June, which would translate into annualized growth of 2.6 per cent.
In the U.S., the durable goods report for July is out Tuesday and economists looked for a gain of seven per cent, reflecting a strong pickup in aircraft orders. Excluding transportation, durable goods orders were expected to rise by 0.4 per cent.
Elsewhere on currency markets, the euro traded at an 11-month low (1.3207 against the greenback) after
On the commodity markets, October crude in
December gold nudged
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OCTOBER 30, 2014
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