Loonie falls 1.5 cents (U.S.) in biggest one-day drop since October
Posted January 20, 2010 9:56 am.
This article is more than 5 years old.
Canada’s dollar has taken an unusually big dip, Wednesday.
It was down more than one-and-a-half cents in morning trading, the biggest one-day decline since October.
The decline was attributed to a number of factors, including a Statistics Canada report that showed domestic inflation wasn’t as strong in December as expected.
Also affecting the loonie was renewed strength in the U.S. dollar, which also gained against the euro.
As of mid-morning, the Canadian dollar was at about 95.5 cents (U.S.), down 1.52 cents compared with the American currency.
