Thursday March 4, 2010 - 22:12:51 GMT
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Reuters - www.reuters.com
Forex Market News - CANADA FX DEBT-C$ dips, bonds unchanged, after budget
TORONTO, March 4 (Reuters) - The Canadian dollar dipped
against the U.S. dollar after the federal government presented
plans to slay the deficit once the recovery is entrenched.
The currency slipped to C$1.0315 to the U.S. dollar, or
96.95 U.S. cents, down from C$1.0306 to the U.S. dollar, or
97.03 U.S. cents, just before the budget was published.
Canadian bonds were little changed across the curve, with a
Closing the stimulus tap and cutting spending sharply after
the economy recovers will rein in Canada's record budget
deficit, the government said on Thursday. [ID:nCFB000108]
(Reporting by Ka Yan Ng; editing by Peter Gallow
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