Canadian dollar weakens after Reuters first to report Canadian gov't set to fall

The Canadian dollar hit a session low on March 22 after Reuters was the first to report that the country’s New Democrats would not support the federal budget, surprise news that triggered the fall of the minority Conservative government and an election campaign. Veteran Reuters political correspondent Randall Palmer was the first to learn the smaller left-wing party would force a non-confidence vote. It was a highlight in a week of strong coverage that included speedy headlines on the budget itself and prompt news on the concessions the government hoped to make in its ultimately unsuccessful attempt to win opposition support. Reuters was ahead in reporting that the opposition had enough votes to topple the government.