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To: Les H who wrote (158028)4/2/2002 9:22:41 AM
From: Les H  Read Replies (1) | Respond to of 436258
 
April Fool's prank hits value of Canadian dollar

An April Fool's Day report that Canada's finance minister Paul Martin was about to resign in order to breed cattle and ducks triggered a dip in the value of the Canadian dollar.

Many currency dealers were apparently taken in by the story that Mr Martin would spend his retirement raising prize Charolais cattle and Fawn Runner ducks.

The report on bourque.org contained links to pictures of the relevant animals.

It said Mr Martin planned to show off the animals this autumn at Havelock fairs.

Pierre Bourque, the journalist who runs the site - a Canadian equivalent of the US Drudge Report - said he thought the ducks would give it away.

Furthermore, the previously obscure Quebec town of Havelock has only 811 residents.

According to Guardian Unlimited, nervous traders failed to spot the joke and were clearly rattled by the report's claim that the Bank of Canada was standing by to prop up the Canadian dollar once Mr Martin's 'resignation' became public.

The Canadian dollar fell to its lowest point in a month against the US dollar, but eventually recovered once currency dealers realised they had been duped.