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 touched the weakest level in a year against its U.S. counterpart amid investor concern that gains in riskier assets have outpaced global economic growth.

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?

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.

Iceland is on the verge of a new coalition government made up of two parties, one of which recently toyed with the idea of ditching the tiny country's currency and adopting the Canadian dollar. European Central Bank President Mario Draghi. REUTERS ...

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.

Last week, the Canadian dollar was the most shorted major global currency, next to the yen, as speculators ganged up on the currency.

TORONTO ---The Canadian dollar regained some of its losses against the U.S. dollar Thursday, as investors took advantage of the weaker currency to square up positions.