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

(Bloomberg) -- The Canadian dollar fell for a
fourth 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 0.3 percent to 93.69 U.S. cents
at 8:58 a.m. in Toronto, extending the decline last week when it
dropped 1.45 percent. One U.S. dollar buys C$1.0674. Canada's
dollar fell 0.42 percent against the yen to 111.03.


Read more at Bloomberg Currencies News