Crimea and Russia

Russia: The loonie fell 0.34 of a cent to 90.13 cents US, according to 660 News. The West has urged Moscow to pull back its troops in Crimea and is also preparing to impose harsh sanctions on Russia if that country moves to annex the territory. Russia has warned again that it reserves the right to intervene in defence of ethnic Russians it says are under threat in eastern Ukraine and The Canadian dollar was lower Friday with markets cautious ahead of a weekend referendum in Ukraines Crimea region. Investors looked to a referendum being held in Crimea on Sunday where residents will vote on whether they want to join Russia. The vote is being held two weeks after Russian troops initially moved into Crimea, where it has a key naval base and many of the people are Russian speaking. (www.immigrantscanada.com). As reported in the news.