The Canadian dollar – known as the “loonie” – lost ground to the US dollar today as oil prices fell as investors wait for key economic news from the US. The loonie fell 0.2 percent to C$1.0577 per U.S. dollar at 8:07 a.m. in Toronto, from C$1.0556 yesterday. One Canadian dollar buys 94.56 U.S. cents.
Ã¢â‚¬Å“This looks like a general market move, and crude is volatile,Ã¢â‚¬Â said Bank of Nova Scotia’s Sacha Tihanyi, whose firm is CanadaÃ¢â‚¬â„¢s third-largest lender. Ã¢â‚¬Å“We await U.S. GDP to see if we get some Canadian dollar support off of it, if itÃ¢â‚¬â„¢s positive.Ã¢â‚¬Â
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