The Canadian dollar drifted higher on Wednesday against a weakening greenback as traders tried to get a sense of where the market wanted to go ahead of Friday's jobs data and next week's Bank of Canada interest rate decision. The currency finished at C$1.1837 to the US dollar, or 84.48 US cents, up from C$1.1860 to the US dollar, or 84.32 US cents, at Tuesday's close.
With Tuesday's weaker-than-expected report on third-quarter economic growth still ringing in their ears, traders are trying to sort out whether the currency will continue to take advantage of a weak US dollar.