Loonie falls on bets U.S. economy grows faster

© Scanpix/Reuters

The Canadian currency slipped to lowest level in 20 months as U.S. manufacturing output jumped in May, increasing the concerns that U.S. economy is growing at faster pace compared to Canada's. The Canadian Dollar weakened 0.5% to C$1.0544 per U.S. Dollar as of 5 p.m. Toronto time; touching the lowest level since October 4, 2011 and one Canada's Dollar buys 94.84 U.S. cents.