Loonie Slips Against US Dollar as Markets Eye Fed Decision

The Canadian dollar weakened against its U.S. counterpart on Wednesday, as the U.S. dollar held firm ahead of a Federal Reserve interest-rate decision.

The loonie has been under pressure for several consecutive sessions as markets position for the Fed's policy announcement.

Investors are focused on the Federal Reserve's decision later on Wednesday, looking for signals on the outlook for U.S. interest rates and the economy.