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Canadian Dollar Falls From Month-High Before Fed Stimulus Update

The Canadian dollar fell from its highest level in a month on speculation Federal Reserve policy makers may provide clues tomorrow about when the U.S. central bank plans to slow monetary stimulus.

The currency weakened against the majority of its most-traded peers as the Fed is forecast to leave the benchmark interest rate at zero to 0.25 percent and continue its $85 billion per month bond-buying program. OAO Uralkali, the world’s largest potash producer, ended limits on production that have underpinned prices for Canada’s exports of the commodity. A report tomorrow will show Canada’s gross domestic product grew