April 3 (Bloomberg) -- Canada’s currency weakened for the first day in four ahead of a government report that may show the unemployment rate in the U.S. rose to the highest in a quarter century.
“The Canadian dollar seems to be in a holding pattern,” said Steve Butler, director of foreign-exchange trading in Toronto at Scotia Capital Inc., a unit of Canada’s third-largest lender. The U.S. buys about three-quarters of Canada‘s exports, the largest trading relationship in the world.
