The monetary unit of Canada fluctuated against the U.S. dollar on Wednesday, minimizing impact of international lenders' inability to secure loan money for debt-hobbled Greece, Reuters reports.
For the second consecutive meeting, euro zone finance ministers and authorities with the International Monetary Fund and the European Central Bank were unable to arrive at an agreement to aid the Aegean nation. What ended up being 12 hours of meetings on Tuesday in Brussels began in the afternoon and ended late in the night.
"The Canadian dollar has been trading a lot with risk appetite over the last few days and weeks. With all the uncertainty it's still a bit hard to see a big rally," economist and currency strategist Charles St-Arnaud with Nomura Securities in New York told the news service on Wednesday.
Officials with the IMF and the ECB and euro zone finance ministers are scheduled to take another crack at solving the issue on Monday.
The Canadian Press reports losses for the Canadian dollar were tempered by gains to crude oil, the nation's top export. Concerns about disruptions to Middle East supplies of the energy commodity reared as Israel and Palestinian militants were pursuing a seemingly elusive cease fire.
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