Canadian wholesale trade rose by 1.
Sales grew by 0. Canada's gross domestic product data for the third quarter is due on Friday, which could help guide expectations for next week's Bank of Canada interest rate decision.
Economists have estimated a prolonged strike could cost the Canadian economy billions of dollars. At a. The currency, which declined 0.
The loonie has been pressured since October by a more dovish stance from the Bank of Canada. Last Wednesday, it hit a near six-week low at 1.
Investors have cut bullish bets on the Canadian dollar, data from the U. Commodity Futures Trading Commission and Reuters calculations showed. As of Nov.
World shares staged a cautious rally on Monday as hopes rose for a trade deal between the United States and China. China said on Surista trading it would seek to improve protections for intellectual property rights.
Canada is a major exporter of commodities, including oil, so its economy could benefit from a reduction in trade uncertainty.
Canadian government bond prices were lower across a flatter yield curve, with the two-year down 3 Canadian cents to yield 1.