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Canadian dollar weakens with oil but notches second straight weekly gain

by_fergal_smith
Canadian dollar weakens with oil but notches second straight weekly gain

The price of oil, one of Canada's major exports, fell on worries about a global economic slowdown. U.S. crude oil futures settled 1.9 percent lower at $51.59 a barrel. It is still the hot factor," said Greg Anderson, global head of foreign exchange strategy in New York.