Canadian Dollar Falls

Canada's currency weakened for a third day, its longest losing streak in more than two weeks, as the U.S. dollar rose against the world's major currencies.

The Canadian dollar fell 0.2 percent to C$1.0532 per U.S. dollar at 8:12 a.m. in Toronto, from C$1.0513 yesterday. One Canadian dollar buys 94.94 U.S. cents. The U.S. currency extended gains after German business and consumer confidence fell more that economists forecast. The U.S. is Canada's largest trading partner.

Canada's dollar, dubbed the loonie because of the aquatic bird on the one-dollar coin, strengthened against 15 of the 16 most-actively traded currencies.

Canadian Dollar Falls, Bloomberg
8/26/2008 6:14:14 AM