Loonie falls to 2-week low as Europe weighs

December 14, 2011

The following is excerpted from the 14 December 2011 edition of Reuters Canada.

Canada's dollar fell to a two-week low against the greenback and the 30-year bond yield touched a record trough on Wednesday as investors worried about Italy's borrowing costs and the Federal Reserve failed to announce new stimulus measures to offset the effects of Europe's debt crisis.

The currency fell as low as C$1.0384 against its U.S. counterpart, or 96.30 U.S. cents, its weakest since November 28, as the euro slid to an 11-month low against the greenback...

This article is available in its entirety at:

http://ca.reuters.com/article/businessNews/idCATRE7BC2BL20111214

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Topic(s): 
Canadian Economy & Politics
Information Source: 
Canadian News Channel
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