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Canadian Dollar Falls Against Major Peers as Risk Demand Wanes

Canada’s dollar fell versus a majority of its most-traded counterparts, dropping to the lowest level in more than a week against its U.S. peer, as risk aversion damped demand.

The currency fell along with its commodity-linked peers of Australia and New Zealand against havens such as the yen and Swiss franc as regional finance ministers gathered in Brussels to discuss crisis-fighting measures. Spanish and Italian bonds fell amid concern ministers will fail to stem the euro area’s woes.