Canadian dollar

The Canadian dollar dipped in morning trading but by afternoon had erased its losses, and closed the day with a gain of 16 basis points to US$1.0091.
“Political wrangling over budget cuts in the Netherlands unsettled markets Monday, as investors worried about that nation’s ability to retain a triple-A credit rating. But a shrinking pool of safe-haven countries is music to the Canadian dollar’s ears, as it generally outperformed, despite weak commodity prices,” said BMO Capital Markets economist Sal Guatieri.
“After France and Austria were downgraded earlier this year by S&P, Canada is among a select group of about a dozen countries that are deemed triple-A by all three major rating agencies.”