Canadian dollar hits 7-week low as greenback surges

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Canadian dollar hits 7-week low as greenback surges

TORONTO - The Canadian dollar weakened to its lowest level in more than seven weeks against its U.S. counterpart on Thursday as broader gains for the greenback offset hawkish comments by Bank of Canada Governor Tiff Macklem. The U.S. dollar surged to its highest levels in two decades against a basket of major currencies, propelled by widespread weakness in its major rivals, such as the