Investing.com - The U.S. dollar slid lower against its Canadian counterpart on Tuesday, despite the release of disappointing Canadian housing sector data as a series of geopolitical concerns weighed broadly on the greenback.
USD/CAD was down 0.42% at 1.2497 by 9:30 a.m. ET (13:30 GMT).
The Canadian dollar shrugged off official data on Tuesday showing that building permits fell more-than-expected in August.
The greenback was pushed lower following reports last week that North Korea was preparing a long-range missile test.
There were concerns that Pyongyang could mark Tuesday, when it celebrates the founding of its ruling party, with some sort of provocation.
Meanwhile, diplomatic tensions between the U.S. and Turkey persisted following the suspension of visa services between the two countries, while Iran vowed a "crushing" response should Washington deem the Revolutionary Guards a terrorist group.
In Spain, the ruling Spanish Partido Popular warned Catalan leader Carles Puigdemont on Monday that he could be thrown in jail if he followed through with a planned declaration of independence on Tuesday.
The loonie was steady against the euro, with EUR/CAD at 1.4734.