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Canadian dollar down, commodities lower as Japanese economy slips into recession

2014-11-17 17:30:11| Oil & Gas - Topix.net

The Canadian dollar was lower Monday while the greenback gained strength in the wake of data showing Japan has fallen back into recession. The loonie was down 0.22 of a cent to 88.46 cents US as the world's third-largest economy contracted at a 1.6 per cent annual pace as housing and business investment dropped following a sales tax hike.

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