Wed, 21 Aug 2013 08:30:08 GMT
Loonie falls to the lowest level in two weeks
The Canadian currency dropped to the lowest level in approximately 14 days as oil slipped on worries that the Fed will start tapering its monetary stimulus in September. The Loonie fell, for a third consecutive day, losing 0.5% to C$1.0392 per U.S. Dollar as of 5 p.m. Toronto time, after it reached C$1.0401, the lowest level since August 8.