Loonie weakens past parity after Fed statement

Wed Sep 21, 2011 2:36pm EDT
 
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TORONTO (Reuters) - The Canadian dollar weakened below parity with the U.S. dollar to its lowest point in more than a week on Wednesday after the Federal Reserve ramped up efforts to aid the beleaguered U.S. economy.

At 2:28 p.m., the Canadian dollar stood at C$1.0004 to the U.S. dollar, or 99.96 U.S. cents, regaining some ground after touching a session low of C$1.0018 to the U.S. dollar, or 99.82 U.S. cents immediately after the Fed's announcement.

(Reporting by Andrea Hopkins; Editing by Jeffrey Hodgson)