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Story summary
- The Canadian dollar weakened for seven consecutive days against the U.S. dollar, at 1.3840 on January 7.
- Analysts attribute the decline to rising Venezuelan oil exports that could weaken Canada’s position.
- The energy sector on the Toronto Stock Exchange fell 5.7% this week.
- Canada's trade balance is expected to show a deficit of C$1.4 billion for October.
- Employment data due January 8 may show a loss of 5,000 jobs.
