Loonie declines below C$1.08 on rate cut speculation

Note: This section contains information in English only.
Source: Bloomberg
Canada's currency dropped below C$1.08 per U.S. Dollar for the first time in approximately three years as Bank of Canada Governor Poloz stated that there is room to cut interest rates. The Canadian Dollar slid 0.5% to C$1.0818 per U.S. Dollar as of 8:18 a.m. Toronto time, after it declined to C$1.0829 per U.S. Dollar, making it the weakest level since May 2010.
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Wed, 08 Jan 2014 14:45:47 GMT

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