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
Most Popular Stories
- Frightfully Fun Films Return for Halloween
- Cloud Lifts Microsoft's Quarterly Results
- Hollywood Eager to Grasp Hispanic Market
- Pfizer Approves $11 Billion Buyback Plan
- Would Soccer Be Richer Without Small Clubs?
- IS Funded by Black Market Oil Sales, Racketeering
- Weekly Jobless Claims Rise but Remain Low
- Jennifer Aniston, Justin Theroux Set the Date
- Teresa Giudice Must Serve Time in Prison
- Sears Denies Store Closings, Layoffs Report