The Canadian dollar edged lower against its U.S. counterpart on Monday, retreating from Friday’s nine-month high, as oil prices were pressured by data showing China’s slowest economic growth in decades. The price of oil, one of Canada’s major exports, fell as China’s data dimmed the outlook for crude demand. U.S. crude oil futures CLc1 settled 1.1% lower at $59.58 a barrel. “Oil prices are lower and that obviously has a certain negative impact on the Canadian dollar,” said Rahim Madhavji, president of Knightsbridge Foreign Exchange. At 3:36 p.m. (1936 GMT), the Canadian dollar CAD=D4 was trading 0.1% lower at 1.3049 ... (full story)