Canadian dollar falls more than two cents in early morning

The Canadian Press, On Thursday September 22, 2011, 7:17 am EDT

TORONTO - The loonie tumbled more than two cents in early trading today as investors turned to the U.S. dollar as a safe haven.  The Canadian dollar was down 2.47 cents to 96.96 cents US. The decline came as the U.S. dollar held steady against the euro. Rising global economic uncertainty has pushed investors to the greenback as it is perceived as a safe option during times of financial turbulence. As well, falling commodity prices have hit the Canadian currency, which is seen as linked to the price of oil, minerals and other commodities.  The slip in the loonie followed a steep decline in the currency on Wednesday. That was the first time the loonie closed below parity since the end of January.