Kiwi loses ground as US trade deal boosts Canadian dollar

Mon, 01 Oct 2018

By Rebecca Howard Oct. 1 (BusinessDesk) - The New Zealand dollar fell against a stronger Canadian dollar after news that a tentative new North American free trade deal had been reached. The kiwi traded at 84.86 Canadian cents at 5pm in Wellington, down from around 85.35 Canadian cents at 8am and a similar level last Friday. It was at 66.14 US cents from 66.16 US cents last Friday in New York. The Canadian dollar got a lift from the new agreement, dubbed the US-Mexico-Canada agreement or USMCA. "The deal looks better for Canada than...

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