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Loonie Drops Below 80 Cents US for First Time in Almost Six Years
The Canadian dollar has fallen below the 80 cent mark for the first time in almost six years. The loonie dropped three-quarters of a cent to 79.87 cents U-S on Wednesday. The dollar fell quickly in afternoon trading after the US Federal Reserve left its key interest rate unchanged but dropped hints about a future increase. The loonie hasn't traded below 80 cents US since April 2009. Economists forecast the loonie could hit 75 cents by the end of the year due to several factors, including...
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