The Canadian dollar edged lower against its U.S. counterpart on Monday but was holding near its strongest level in four months as oil prices rose and investors awaited domestic inflation data. The loonie CAD= was trading 0.1% lower at 1.3390 to the greenback, or 74.68 U.S. cents after moving in a range of 1.3351 to 1.3409. On Friday, it touched its strongest level since Aug. 4 at 1.3347 as the Federal Reserve's move to signal the possibility of interest rate cuts next year pressured the U.S. dollar .DXY. Increased risk appetite in anticipation of central bank interest rate cuts in 2024 has helped underpin the ... (full story)