Canadian dollar tumbles | CBC - Democratic Underground

Ediacara

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Fri Jan-23-04 01:47 PM
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Canadian dollar tumbles | CBC

Canadian dollar tumbles
Last Updated Fri, 23 Jan 2004 13:25:00

TORONTO - The Canadian dollar dropped by more than a cent in afternoon trading Friday, as currency markets reacted to the prospect of further interest rate cuts in Canada.

The loonie was trading at 75.90 cents US at 1:16 p.m EST, off 1.30 cents US from Thursday's close.

On Thursday, the Bank of Canada cautioned that economic growth for 2004 will be lower than the central bank forecast in October. The bank said the domestic economy should expand by 2.75 per cent in 2004, down from the 3.25 per cent growth it had predicted last autumn.

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West Coast Democrat

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Fri Jan-23-04 01:48 PM
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1. Maybe I can afford to vacation in Canada again

the last time I visited was no bargain.

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