Loonie falls as inflation remains low last month

The Canadian Dollar weakened on Friday falling towards the lowest level in a three-year period after a government report showed that inflation in the country stayed below the Bank of Canada's target ranging between 1% and 3%. The so-called Loonie dropped 0.1$ to C$1.0676 per Greenback by 12:16 p.m. Toronto time following a slide to C$1.0738, the least since May 2010.