Loonie drops after Bernanke's testimony

Source: Bloomberg
© Scanpix/Agence France-Presse
The Canadian currency slipped as its U.S. counterpart appreciated against most of the major currencies after the Fed's Bernanke said that officials could start tapering the bond-buying programme at the end of this year. The Canadian Dollar depreciated 0.6% to C$1.0273 per U.S. Dollar as of 5 p.m. Toronto time after advancing 0.4%; moreover, it reached C$1.0287, the lowest level since June 7.

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