Reuters

The Canadian dollar edged higher against its U.S. counterpart on Wednesday as domestic data showed the economy continuing to recover in recent months, with the loonie rebounding from an earlier 8-week low hit amid U.S. political uncertainty. The Canadian economy expanded by 3% in July as businesses across the country continued to reopen from coronavirus shutdowns, Statistics Canada said, with growth seen gaining at a slower 1% month-on-month pace in August. The Canadian dollar <CAD=> was trading 0.2% higher at 1.3366 to the greenback, or 74.82 U.S. cents, having touched its weakest intraday level since Aug. 4 at 1.3420.