Posted AT 3:57 PM EST on 31/12/07
Loonie falls more than 1 cent
OTTAWA — The Canadian dollar dropped more than 1 cent in pre-New Year's Day trading Monday on concerns about the U.S. economy and unrest in the Middle East.
The loonie tumbled 1.37 cents (U.S.) to $1.0062 cents around 2:30 p.m. (EST), then recovered slightly to close at $1.0088, down 1.11 cents on the day.
A report out of the United States on Monday again raised concerns about a possible economic slowdown south of the border.
The full text of this article has 353 words.
To continue reading this article, you will need to purchase this article.
Already have a member account? Login now
Pay-Per-View Offers To read the complete article, select one of the following options
Purchasing from globeandmail.com is quick and secure.
