By Chris Fournier Feb. 25 (Bloomberg) -- Canada’s dollar fell along with other commodity-linked currencies as concern the global economic rebound is faltering drove investors to the perceived safety of the U.S. currency and yen. The loonie dropped to a two-week low versus the greenback as crude oil fell below $80 a barrel and gold decreased for a fourth straight day. Canada derives about half its export sales from raw materials. Canadian government bonds rose as Greece faced a possible cut in its debt rating. “We’re definitely in a risk-off environment in the foreign-exchange world,” said Jane Foley, London-based research director at Forex.com, an online currency trader. There is “more concerned with the nascent recovery,” she said. The Canadian currency declined 0.8 percent to C$1.0637 per U.S. dollar at 8:52 a.m. in Toronto, from C$1.0536 yesterday. It reached C$1.0642, the weakest level since Feb. 10. One Canadian dollar buys 94.07 U.S. cents. The loonie, nicknamed for the image of the aquatic bird on the C$1 coin, extended its drop after the U.S. Labor Department reported that initial claims for unemployment insurance unexpectedly increased last week. The Canadian dollar slid 2 percent to 83.84 yen. --Editors: Dennis Fitzgerald, Greg Storey To contact the reporter on this story: Chris Fournier in Montreal at +1-514-940-6476 or cfournier3@bloomberg.net To contact the editor responsible for this story: Dave Liedtka at +1-212-617-8988 or dliedtka@bloomberg.net

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