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Strategies & Market Trends : Ride the Tiger with CD

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From: kidl12/4/2008 3:03:24 PM
   of 312819
 
Geee, I feel like I live in a 3rd world country.

Loonie falls as opposition still aims to oust Canada government

04/12/08

TORONTO (Reuters) - The Canadian dollar fell nearly 2 percent in less than 90 minutes on Thursday after leaders of opposition parties said they still aim to oust the country's Conservative government from power.

They were responding to a decision by Canada's governor general to allow Parliament to be suspended until January, giving the Conservative government a chance to regroup following a parliamentary crisis.

Shortly after 1:00 p.m. the Canadian dollar was at C$1.2734 to the U.S. dollar, or 78.53 U.S. cent.

Earlier, the Canadian currency rose to C$1.2510 to the U.S. dollar, or 79.94 U.S. cents, on news that the governor general had agreed to suspend Parliament.

(Reporting by Frank Pingue; editing by Peter Galloway)

© Reuters Limited. All Rights Reserved.
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