Canadian Dollar Falls for Fourth Day on U.S. Subprime Crisis Speculation

(Bloomberg) -- The Canadian dollar fell for a
fourth straight day as investors sold commodity-linked
currencies on speculation U.S. subprime mortgage losses will
slow the world's largest economy.

The Canadian currency fell 0.38 percent to 93.61 U.S. cents
at 8:14 a.m. in Toronto, extending the decline last week, when
it dropped 1.45 percent. One U.S. dollar buys C$1.0683. Canada's
dollar fell 0.72 percent against the yen to 110.72.


Read more at Bloomberg Currencies News