TORONTO, Dec 16 - The Canadian dollar touched a 4-1/2-year low against its U.S. counterpart on Monday before recouping its losses and Canadian bond yields rose, as investors weighed the fiscal implications of the unexpected resignation of Canada's finance minister.
Canada's Finance Minister Chrystia Freeland resigned over a policy clash with Prime Minister Justin Trudeau, dismissing his plans for increased spending as"political gimmicks". "In many places in the world, the resignation of the finance minister would be a crushing blow to the currency but the market appears to have fully discounted a period of political uncertainty, and inevitable change in government," said Adam Button, chief currency analyst at ForexLive.The U.S.
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