Canada's Dollar Falls to Four-Year Low on Outlook for Growth

http://www.bloomberg.com/apps/news?p...

A snippet:

Base Metals

Moves in the loonie most closely track fluctuations in the price of base metals, according to George Davis, chief technical analyst at RBC Capital Markets. Davis, in a research note, cited movements of an index comprising aluminum, nickel, zinc and copper as providing the highest correlation to changes in the Canadian dollar, followed by shifts in the price of crude oil. The MSCI World Index provided the third-strongest correlation, Davis said.

Copper fell below $4,000 a metric ton for the first time since November 2005, nickel's the cheapest since August 2003 and zinc is the lowest since November 2004. Aluminum dropped to a three-year low.