The Canadian dollar extended recent losses vis-Ã -vis the U.S. dollar today as the greenback tested offers around the C$ 1.0080 level and was supported around the C$ 0.9965 level. Technically, todayâ€™s intraday low was right around the 50% retracement of the move from C$ 1.0865 to C$ 0.9060 level. Bank of Canada Governor Dodge today said the loonie is having a greater downside impact on the economy than previously anticipated. Most traders believe Bank of Canada will retain its easing bias. Canadian housing and employment numbers will be released later in the week. U.S. dollar offers are cited around the C$ 1.1075 level.
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