Thu, 20 Jun 2013 07:47:04 GMT
Loonie drops after Bernanke's testimony
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