The loonie was trading Wednesday at 79.95 cents US at 2:30 p.m. ET, shortly after the U.S. Federal Reserve reiterated it will be "patient" in raising rates from record lows but worried that inflation remains well below its target rate of two per cent.
At official exchange rates, the dropping value of the loonie means it now costs more than $1.25 to buy a U.S. dollar.
More to come
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