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The Canadian dollar is on its longest losing streak since at least the 1970s as speculation mounts that the central bank will cut interest rates back to the record low only seen amid the 2009 financial crisis, with almost nothing left to drive the country’s economy.

The currency has fallen for 11 straight days against the U.S. dollar, the longest run of daily losses since the country ended its currency’s peg to the greenback in 1971 and let it trade freely. The streak surpassed a nine-day run in April 2005, and Friday touched an almost 13-year low.

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The loonie traded as low as 68.74 cents US about five hours before the Toronto Stock Exchange open at 9:30 a.m.. The dollar was higher at 8:30 a.m., at 69.05 cents US — about 0.62 of a U.S. cent below the Thursday closing price.

Canada’s dollar — which hasn’t been below 69 cents since April 2003 — was also down Friday against the euro, British pound and Japanese yen.