Tue, 12 Jun 2012 07:23:38 GMT
Loonie depreciates on renewed worries about Italy
Canadian currency declined from a nearly three-week record high versus its US peer on worries Italy may face same banking system problems as Spain. Loonie gained after Spain requested bailout but retreated when Italian and Spanish yields surged. Canadian Dollar dropped 0.5% to CAD 1.0317. Currently USD/CAD is trading at
CAD 1.0299.