Loonie weakens as Canadian stocks decline amid European concern

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Source: Bloomberg
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Canadian Dollar depreciated as nation's stocks fell after ECB's balance sheet rallied to a record high bolstering fears fiscal crisis can hurt economic growth. Canadian domestic currency fell 0.6% to C$1.0244 per US Dollar in Toronto evening trade. Before ECB announcement Loonie had strengthened to three-week record high. Currently USD/CAD is trading at C$1.0243. 

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Thu, 29 Dec 2011 14:48:52 GMT

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