the Federal Reserve

the Federal Reserve: The loonie was down 0.07 of a cent to 91.27 cents US to levels last seen in September 2009, according to CTV. 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 and TORONTO -- The Canadian dollar drifted lower Wednesday morning amid general U.S. dollar strength. The new year is only two weeks old and the loonie has already fallen 3.1 per cent, making it the worst performing primary currency. (www.immigrantscanada.com). As reported in the news.