Loonie falls after Bank of Canada lowers inflation estimates

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Source: Bloomberg
Canada's Dollar approached its highest level in four years after nation's central bank lowered its inflation estimates and stated that the currency is competitive enough in the global market. The Canadian Dollar dropped 0.9% to C$1.1065 per U.S. Dollar as of 10:37 a.m. Toronto time, after it reached C$1.1066, the lowest level since September 3, 2009.
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