By  on November 19, 2008

What a difference a year makes. Twelve months ago, the Canadian dollar was worth about $1.05, due mainly to the strength of Canada’s resource sector, particularly oil and gas and metals.

But with the current economic slowdown bordering on a recession, demand for those products is down and so is the Canuck buck, which has been trading around 80 cents for most of the fourth quarter of this year.

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