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News 2026-07-06 13:33 UTC

USD/CAD Rises as Oil Pullback Weighs on Commodity-Linked Loonie

() -- The Canadian dollar held lower against the US dollar on Monday as oil prices, Canada's largest export with major influence on the loonie, eased near $71/barrel on Monday. Brent crude, a close measure of oil prices, dropped 0.47% to trade at $71.78 on the day. West Texas Intermediate declined 0.70% to trade at $68