Posted AT 3:57 PM EST on 31/12/07
Loonie falls more than 1 cent
OTTAWA — The Canadian dollar dropped more than 1 cent in pre-New Year's Day trading Monday on concerns about the U.S. economy and unrest in the Middle East.
The loonie tumbled 1.37 cents (U.S.) to $1.0062 cents around 2:30 p.m. (EST), then recovered slightly to close at $1.0088, down 1.11 cents on the day.
A report out of the United States on Monday again raised concerns about a possible economic slowdown south of the border.
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