Tue, 24 Jul 2012 09:08:31 GMT
The Loonie Declines on Growing Eurozone Concerns
The Canadian Dollar has depreciated as oil prices declined by $3 per barrel. On Monday, Canada's currency reached its 11-day low of C$1.0188 versus U.S. Dollar, falling 0.6%. However, it has risen to the record C$1.2327 versus the Euro, while the government bond yields have declined to 1.565%, the lowest level since 1950.