Video: How much higher can U.S. stocks go? The loonie, as the dollar coin is known in Canada, has lost more than 4 per cent this year, which puts the currency �exactly in the middle of the pack,� said senior economist Benjamin Reitzes of BMO Nesbitt Burns.

Canadian dollar whipsawed as market mood swings 'from greedy to fearful' Add to ... Michael Babad. The Globe and Mail.

The Canadian dollar was weighed down Friday by a dampened commodity market that pulled down several of its commodity currency peers.

The Canadian dollar is likely to continue to suffer from near-term weakness due to a "combination of negative sentiment, bearish technicals, a broadly stronger U.S.

Toronto-Dominion Bank says the loonie, now at near par, will tumble to 90 cents by early next year, before recovering to 93 cents by the end of 2014.

�Ordinarily, we might expect the Canadian dollar to benefit from an accelerating U.S. economy. If the U.S. economy is doing better, what about growth-related currencies in the G10?

By Alastair Sharp. TORONTO (Reuters) - The Canadian dollar took a hit from unexpectedly soft domestic retail sales data, sliding to a 10-week low against the U.S.

Iceland's central bank has said the loonie, as Canada's dollar coin is known, would be a poor choice for the country, but the issue is one that garnered much attention last year.

A Canadian dollar, left, and a Euro are seen next to a series of U.S. dollars in this January 26, 2011 photo in Montreal. THE CANADIAN PRESS/Paul Chiasson.

The Canadian dollar is higher early Thursday, retracing its decline to a fresh yearly low it touched during overnight trading after a gauge of China's economy showed contraction for the first time in seven months.