The Canadian dollar weakened against its U.S. counterpart on Tuesday as the greenback notched broad-based gains and domestic purchasing mangers' index (PMI) data showed the downturn in the services sector deepening in November. The loonie was trading 0.3% lower at 1.3575 to the greenback, or 73.66 U.S. cents, after moving in a range of 1.3535 to 1.3591. The decline for the loonie comes "as gold's blow-off top yesterday encourages some broad USD buying, oil and copper selling to come back in," said Erik Bregar, director, FX & precious metals risk management at Silver Gold Bull.
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