CAD Weakened to a 2-Week Low Against USD

Canada’s economy slowed at the end of 2018, as evidenced by investors worrying about the global growth outlook and weaker-than-expected data; accordingly, the Canadian dollar weakened to a two-week low against its U.S. counterpart. Worries about flagging global growth and concerns about continuing U.S.-China trade tensions drove investors to seek out safe-haven assets; accordingly, the U.S. dollar fell against the Japanese yen – it was 0.41 percent lower against the yen. As Japan is the world’s biggest creditor country, the yen tends to benefit during financial or geopolitical stress