The crisis is also adding to the pressure on the country's struggling currency. Also known as the Loonie, the Canadian dollar traded above the threshold of 1.43 per U.S. dollar, or 0.70 U.S. cents per Canadian dollar, on Tuesday, its weakest intraday level ...

The Canadian dollar weakened to nearly a five-year low against its U.S. counterpart on Tuesday, hurt by domestic political unrest as well as a wider gap between Canadian and U.S. bond yields after data showed a surprise easing of Canadian inflation.

The Canadian Dollar has shed over 2.2% against the US Dollar in December alone and is on pace to end lower against the Greenback for a fourth straight month. As the Loonie continues to deflate against the USD, USD/CAD prices have rallied back above the 1.4300 handle, a bottom-to-top rise of nearly 7% from September’s bottom bids near 1.3420.

The Canadian dollar weakened to a 4-1/2-year low against its U.S. counterpart on Thursday as the greenback notched broad-based gains and a recent widening in the gap between U.S. and Canadian bond yields weighed on the loonie.