By Chris Fournier Sept. 25 (Bloomberg) -- Canada’s dollar weakened for a third day as crude oil, the nation’s largest export, hovered near the lowest since July, weakening the appeal of commodity- linked currencies. Canada’s dollar yesterday touched the weakest level since Sept. 4 after oil futures sold off more than $5 a barrel in two days. The country derives more than half its export revenue from raw materials. “Oil prices are basically stalled right now,” said David Watt, senior currency strategist in Toronto at RBC Capital, a unit of Canada’s biggest bank. “We had that huge move yesterday. We’re just sitting here waiting to see if that move is going to be extended or run out of steam.” The Canadian currency weakened 0.3 percent to C$1.0926 per U.S. dollar at 8:28 a.m. in Toronto, from C$1.0892 yesterday, when it touched C$1.0974. The currency is headed for a 2.1 percent drop over the past five days, its fourth weekly decline. One Canadian dollar buys 91.52 U.S. cents. Crude oil for November delivery was little changed at $65.89 a barrel on the New York Mercantile Exchange. The resource is headed for the biggest weekly loss since July.

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