Tue, 29 Jan 2013 10:24:03 GMT
Canadian Dollar slips near to 6-month low on banks' credit ratings cut
The Canadian Dollar, also called Lonnie, was little changed and traded at $0.9937 in late Toronto trading session on Monday. The Lonnie was traded close to a six-month low against the U.S. counterpart, as Moody's Investors Service cut credit ratings for six Canadian banks on high consumer debt and elevated house prices, what indicates a possibly slower domestic economic growth