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Posted AT 10:28 AM EDT on 20/05/08

Loonie looking unsure amid BCE doubts

VIRGINIA GALT

Globe and Mail Update

Uncertainty over the status of the proposed takeover of BCE Inc. could potentially weigh on the Canadian dollar, which is currently above par with the U.S. dollar on the strength of surging oil prices, Scotia Capital said in a research note Tuesday. The key for the Canadian dollar “will be whether the deal goes though,” said Scotia Capital, which added that, according to news reports, none of the parties involved has threatened to walk away.

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