Sars threatens C$ boom

The Canadian dollar has enjoyed a surge in popularity among investors seeking higher yields than those available in G3 markets. But last week’s World Health Organisation (WHO) recommendation to avoid travelling to Toronto, could reverse that trend.

The Canadian dollar, or loony, slipped to C$1.463 per US dollar from C$1.442 after the announcement -- a bigger impact than has been seen in other Sars-infected countries, such as Hong Kong and Singapore.

Dealers told FX Week that the market may

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