The Canadian dollar today dipped to just below the 75-cent level for the first time in more than a decade.

The dollar fell below the psychologically important threshold in the afternoon, hitting 74.95 cents US at mid-afternoon. That came after news on Tuesday that Stephen Harper had spoken with Bank of Canada governor Stephen Poloz. That's a negative for the dollar because it reinforces perceptions that Poloz and Harper are worried about the Canadian economy, which has shrunk for five months in a row.

This has been excerpted from the 25 August 2015 edition of CBC News and is available in its entirety at:
http://www.cbc.ca/news/business/canadian-dollar-dips-below-75-cents-for-1st-time-since-2004-1.3203091