Thursday, June 21, 2007

Canada's Dollar Tumbles as April Retail Sales Increase Less Than Forecast

(Bloomberg) -- The Canadian dollar declined the
most in more than a week as retail sales grew at a slower pace
than economists expected.

The Canadian currency traded 0.41 percent lower at 93.40
U.S. cents at 8:59 a.m. in Toronto, compared with 93.78 cents
yesterday. It was the largest decline since June 12. One U.S.
dollar buys C$1.0707.


Read more at Bloomberg Currencies News

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