Video: How much higher can U.S. stocks go? The loonie, as the dollar coin is known in Canada, has lost more than 4 per cent this year, which puts the currency �exactly in the middle of the pack,� said senior economist Benjamin Reitzes of BMO Nesbitt Burns.

Canada's dollar dropped to an almost one-year low versus its U.S. peer after Federal Reserve Chairman Ben S. Bernanke said monthly bond purchases may be reduced if the economy shows sustained growth.

In trading on Wednesday, shares of the Canadian Dollar Trust ETF (AMEX: FXC) entered into oversold territory, changing hands as low as $95.71 per share.

Porter, speaking in an interview today at Bloomberg's Canada Economic Summit in Toronto, said the Canadian dollar will continue to be supported by safe-haven flows in the next couple of years, keeping it trading near parity with the U.S.

TORONTO--The Canadian dollar ended modestly lower Tuesday, but bounced back from earlier lows after an official with the U.S.

�Ordinarily, we might expect the Canadian dollar to benefit from an accelerating U.S. economy. If the U.S. economy is doing better, what about growth-related currencies in the G10?

The Canadian dollar erased a decline against its U.S. peer after Federal Reserve Chairman Ben S. Bernanke said premature tightening of central-bank policy would endanger the U.S.

By Don Curren. TORONTO--The Canadian dollar is little changed Tuesday ahead of an early afternoon speech by departing Bank of Canada Gov.

The Canadian dollar declined to a two-month low versus its U.S. counterpart after the annual inflation rate fell in April to its slowest in more than three years, bolstering the case for lower interest rates.

The Canadian dollar posted its biggest loss in a year against its U.S. peer as the nation's annual inflation rate fell in April to its slowest in more than three years, bolstering the case for relaxing monetary policy.