Canada’s dollar depreciated against its U.S. counterpart as Goldman Sachs Group Inc. reported a quarterly loss, driving down U.S. stock-index futures and dimming the outlook for risk appetite. The Canadian currency rose against the euro after Moody’s Investors Service said yesterday France’s top credit rating is under pressure, adding to speculation European officials will be hamstrung trying to resolve the region’s debt crisis. Crude oil, Canada’s largest export, fell for a second day. “A lot of it is a pullback in U.S. stocks,” said Steven Saywell, head of foreign-exchange strategy for Europe at BNP Paribas SA, by phone from London. “The S&P 500 has had a cracking start to October. It’s been up very well, but it’s come off. As a result generally we’ve seen less risk in foreign- exchange markets.” Canada’s currency dropped 0.3 percent to C$1.0262 per U.S. dollar at 7:59 a.m. in Toronto. It rose 0.3 percent to 1.4023 per euro. One Canadian dollar buys 97.45 U.S. cents. Futures on the Standard & Poor’s 500 Index fell 0.6 percent. Crude oil futures declined 0.6 percent to $85.81 a barrel in New York. To contact the reporter on this story: Chris Fournier in Halifax, Nova Scotia at cfournier3@bloomberg.net To contact the editor responsible for this story: Dave Liedtka at dliedtka@bloomberg.net

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