TORONTO (Reuters) - The Canadian dollar weakened against its U.S. counterpart on Thursday as widening global COVID-19 restrictions weighed on investor sentiment, with the currency pulling back from a one-week high the day before.
FILE PHOTO: A Canadian dollar coin, commonly known as the "Loonie", is pictured in this illustration picture taken in Toronto, January 23, 2015.
The U.S. death toll from COVID-19 surpassed a grim new milestone of 250,000 on Wednesday, as New York City shut schools in the United States’ largest public school district.
U.S. crude CLc1 prices were down 0.4% at $41.66 a barrel on Thursday, while the Canadian dollar CAD= fell 0.1% to 1.3098 per U.S. dollar, or 76.35 U.S. cents.
Earlier this month, data from Statistics Canada showed that the economy added jobs in October.
Mark Blinch, Liz Truss
TORONTO, Canadian, U.S, REUTERS, WORLD, ADP, Statistics Canada
Toronto, U.S, COVID, New York City, United States, Canada, Britain