Friday, July 20, 2007

Canada Dollar Drops on Concern Subprime Slowdown Will Hurt Export Demand

(Bloomberg) -- The Canadian dollar fell the most in
more than two weeks on concern subprime losses in the U.S. will
slow down the world's largest economy, reducing demand for
Canadian exports.

The currency had reached a three-decade high on July 18.
Canada sends more than 80 percent of its exports to the U.S.


Read more at Bloomberg Currencies News

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