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C$ weakens as oil dips, Yellen bolsters US rate hike bets
Shoaib Ur Rehman
27 May, 2016
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Copyright Reuters, 2016
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![](https://i.brecorder.com/images/2016/05/canadian-dollar-april0.jpg">TORONTO: The Canadian dollar weakened against its broadly firmer US counterpart on Friday as oil prices fell and after a speech by Federal Reserve Chair Janet Yellen bolstered the case for a US interest rate hike this summer.</P><P>The US dollar strengthened against a basket of major currencies after Yellen said the Federal Reserve should raise interest rates )
