Canadian dollar dips below 70 cents US for first time since March 2020

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Canadian Dollar Falls Below 70 US Cents for First Time in Nearly 5 Years

The Canadian dollar dropped below 70 cents U.S. for the first time in about four and a half years and only the fourth time in the past 30 years, after a tumultuous week in politics. The loonie reached a low of US$0.69 on Dec. 17, according to Bank of Canada data. The drop came just one day after Liberal MP Chrystia Freeland resigned as finance minister, causing political turmoil for Prime Minister Justin Trudeau. The government also released its…

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Canadian dollar hits lowest point since start of pandemic

For the first time since the start of the COVID-19 pandemic, the Canadian dollar has dipped below 0.70 USD in value. According to Bloomberg data, the value of the Canadian dollar dipped from 0.7025 USD Monday night to 0.6982 USD Tuesday morning.  The last time the loonie fell below 0.70 USD was Mar. 20, 2020 when the economy was in freefall due to pandemic uncertainty and lockdowns shutting down commerce. At the same time last year, the Canadian…

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The Canadian dollar falls below $0.70 USD for the first time since 2020

Financial Post

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Political risk causes Canadian dollar to fall below 70 cents U.S.

The Canadian dollar dipped below 70 cents US as the fallout from Chrystia Freeland's resignation hit the currency. Find out more.

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Canadian dollar hits nearly five-year low on political turbulence

The Canadian dollar weakened to nearly a five-year low against its U.S. counterpart on Tuesday, hurt by domestic political unrest as well as a wider gap between Canadian and U.S. bond yields after data showed a surprise easing of Canadian inflation.

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Australian National Review - Canadian Dollar Falls Below 70 US Cents for First Time in Nearly 5 Years

The Canadian dollar dropped below 70 cents U.S. for the first time in about four and a half years and only the fourth time in the past 30 years, after a tumultuous week in politics. The loonie reached a low of US$0.69 on Dec. 17, according to Bank of Canada data. The drop came just one day after Liberal MP Chrystia Freeland resigned as finance minister, causing political turmoil for Prime Minister Justin Trudeau. The government also released its…