Canada's dollar hit its weakest level against the greenback in more than six weeks on Friday, driven lower by a broad rally in the safe-haven greenback and a sell-off in the euro as worries about global growth mounted. The euro, a recent barometer of risk appetite, tumbled against the US dollar after European Central Bank President Jean-Claude Trichet spooked investors ahead of a Monday meeting of Eurogroup finance officials.
The C$ ended the North American session at C$0.9687 to the USD, or $1.0323, down from Thursday's close at C$0.9623 to the US dollar, or $1.0395.