Loonie falls as European concerns stimulated demand for US Dollar

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Source: Bloomberg
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Canadian Dollar depreciated on Wednesday breaking three day gains as investors boosted their demand for US Dollar amid worries European debt turmoil is worsening. Canadian currency lost 0.4% reaching C$1.0196 per US Dollar in Toronto evening trade amid bets French sovereign ratings still might be cut. Currently USD/CAD is trading at C$1.0184. 
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Thu, 12 Jan 2012 15:38:56 GMT

RBS to eliminate 3500 jobs

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Thu, 12 Jan 2012 15:32:32 GMT

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