Thu, 21 Jun 2012 06:39:04 GMT
Loonie declines versus its US peer as Fed cuts forecast
The Canadian Dollar depreciated versus US Dollar on Wednesday after Fed reduced its estimates for this year's growth. The Federal Reserve also suggested it expects weak improvement in labour market this year. Loonie gave up 0.1% against greenback to CAD 1.0183. Currently USD/CAD is trading at 1.0214.