Loonie falls as crude oil drops to 5-month low

Source: Bloomberg
The Canadian currency dropped on Wednesday falling against the majority of its most-traded counterparts after a report showed that the country's largest export commodity, crude oil, slipped to the lowest in five months. The so-called Loonie fell 0.4% to C$1.0469 per U.S. Dollar as of 5 p.m. Toronto time after it reached the most since November 7 at C$1.0415 yesterday.

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