Canadian Dollar Falls to 11-Year Low on Interest Rates Diverging

  • Forecasters say Fed may usher in Canadian yield disadvantage
  • Oil tumbles after U.S. inventories increase, crimping exports

The Canadian dollar fell to its weakest in more than a decade as the Federal Reserve raised interest rates for the first time in almost as long, cementing the yield advantage U.S. Treasuries hold over the bonds of their northern neighbor.

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