Canadian Dollar Falls as Questions Arise on Global Easing

The Canadian dollar fell against most of its major peers as government officials in Russia and Japan criticized monetary policies that have devalued major currencies in an attempt to spark economic growth.

It dropped the most in a week against its U.S. counterpart as a Russian central bank official warned the world is on the brink of a “currency war” after the Japanese economy minister said yesterday currency weakness sparked by central-bank policy could hurt consumers. Stocks fluctuated while a government report showed inflation in U.S. was unchanged last month.