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Industry: Email Alert RSS FeedCanadian Forex/Bond Comment: C$ Softens.
Resource News International, March, 2008
Byline: Resource News International
WINNIPEG, MB, Mar 07, 2008 (Resource News International via COMTEX) -- The Canadian dollar finished Friday's session on a weaker footing versus the US currency. Concerns about the economic slowdown in the US and its eventual impact on Canada, allowed the Canadian currency to soften, market watchers said. Losses in the equity markets and weak global gold values contributed to the dollar's easing.
The Canadian currency closed out the North American session at 101.03 US cents or C$0.9898 on Friday. This compares with Thursday's closing North American mark of 101.44 US cents or C$0.9858.
The Canadian dollar found some early strength from news that the Canadian economy added a net 43,300 workers in February,...
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