Loonie Rises On Good U.S. Outlook

TORONTO - The Canadian dollar extended a string of losses Wednesday as worries increased about whether there can be a quick resolution to the looming U.S. "fiscal cliff."The currency was down 0.19 of...
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Italy Fears Shake Loonie

TORONTO - The Canadian dollar closed more than a cent lower Wednesday as investors, nervous about the state of Italy's economy, sold off risk and bought into the perceived safe haven of U.S. Treasury...

Loonie Falters on Volatile Commodity Prices

In its last statement, the Bank of Canada advised that an interest rate hike later this year was likely, but this may now be on hold given the recent turn of events. Indeed, some quarters are even suggesting that the Bank of Canada may be forced to lower rates, although this seems like a long shot.