C$ holds near multi-week low as trade deal hopes ebb
* Canadian dollar trades near flat against the greenback
* Price of U.S. oil decreases by 0.4%
* Canadian bond prices rise across a flatter yield curve
TORONTO, Dec 3 (Reuters) - The Canadian dollar was little
changed against the greenback on Tuesday, holding near its
weakest level since October as investors worried that a
U.S.-China trade deal would be delayed and awaited a Bank of
Canada interest rate decision this week.
Global stock markets <.world> fell after President Donald
Trump said a trade agreement with China might have to wait until
after the U.S. presidential election in November 2020, denting
hopes of a resolution soon to a dispute that has weighed on the
world economy. [nL8N28D2KI]
The Bank of Canada, which is expected to leave its benchmark
interest rate unchanged on Wednesday at 1.75%, has expressed
concern that trade uncertainty could hurt Canada's
The loonie has been pressured since October by a more dovish
stance from the central bank.
At 9:51 a.m. (1451 GMT), the Canadian dollar
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.