The new year is only two weeks old and the loonie has already fallen 3.1%, making it the worst performing primary currency.
The reasons for the decline are many. One is that the greenback has gained in value as the Federal Reserve starts to back away from its massive monthly bond purchases.
But recent Canadian economic data has disappointed markets, particularly reports last week showing a rising trade deficit and December employment data showing the loss of 46,000 jobs.

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Loonie is world’s worst performing currency as it drops 3.1% in first two weeks of 2014