Loonie declines against Greenback despite growing crude prices

Source: WBP Online
© ScanPix/Reuters
The Canadian Dollar dropped versus its US counterpart despite stronger oil prices, as the sentiment was hit by fears over global economic growth and commodities turmoil. USD/CAD advanced 0.2% to $1.3418 by 11:22 AM GMT, after reaching the session high at $1.3431. Ahead in the week, traders will eye the release of the Canadian GDP figure for July, as well as the Fed Chair Janet Yellen's speech, both on Wednesday. 
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