Posted AT 4:32 PM EST on 12/11/07
Dollar dives more than 2 cents
The Canadian dollar tumbled more than 2 cents (U.S.) Monday as traders extended last week's selloff amid a global backdrop of growing aversion to risk and falling commodity prices.
“Everything people have bought, they sold today. Everything they had sold, they bought,” Marc Chandler, a currency strategist at Brown Brothers Harriman in New York, said in an interview. “So the Canadian dollar, which has been a high-flying currency, is having a setback today.
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