iBankCoin
Joined Nov 11, 2007
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Canadian Dollar Falls on Oil Downside Action

“The Canadian dollar fell as crude oil declined, erasing gains in the currency that came after Prime Minister Stephen Harper’s Conservative Party won a majority of seats in Parliament for the first time.

The loonie, as the currency is known, depreciated 0.2 percent to 95.26 cents against the U.S. dollar at 6:21 a.m. in Toronto, from 95.06 yesterday. It earlier advanced as much as 0.5 percent.”

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