Canadian dollar slips as euro euphoria fades

TORONTO (Reuters) – The Canadian dollar hit its lowest level against the U.S. dollar in nearly two weeks on Monday as doubts grew that a European Union pact last week designed to enforce stricter budget discipline among member nations would solve the region’s long-term debt problems. The Canadian currency rallied on Friday after the deal was announced but the rally petered out quickly on Monday due to legal uncertainties and the absence of an unlimited financial backstop for the euro. Those worries drove investors to the relative safety of the U.S. …