Canadian dollar recovers from 2-week low as oil rallies

The Canadian dollar edged higher against its U.S. counterpart on Tuesday as a rebound in oil prices offset broader gains for the greenback, with investors awaiting U.S. inflation data for clues on the outlook for Federal Reserve policy. The loonie was trading 0.1% higher at 1.2566 to the greenback, or 79.58 U.S. cents, with the currency rebounding after it earlier touched its weakest level since July 28 at 1.2589.

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