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CANADA FX-C$ falls near five-month low, approaches US$ parity

* C$ drops to C$0.9930 to the U.S. dollar, or $1.0070

* Weakest level since March 17

TORONTO, Aug 8 (Reuters) - Canada’s dollar weakened to a near five-month low against the U.S. currency on Monday, approaching parity, as global unease about a possible double-dip U.S. recession and European and U.S. debt crises weighed.

The Canadian dollar CAD=D4 fell as low as C$0.9930 to the U.S. dollar, or $1.007, its weakest since March 17. (Reporting by Andrea Hopkins; Editing by Jeffrey Hodgson)

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