Posted AT 4:43 PM EDT on 22/10/07
Dollar falls sharply from its high
The high-flying loonie ran into severe turbulence Monday, falling sharply from a 33-year high against the U.S. dollar, and some currency experts figure it could before long crash back down through the parity barrier, at least for a time.
The Canadian dollar finished the day at $1.02 (U.S.), down about 1.55 cents from Friday's official Bank of Canada close.
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