Canadian dollar hits new low below 79 cents

The Canadian dollar hit a six-year low Friday after a report showing Canada’s GDP fell 0.2 per cent in November. Investors were concerned about the worsening economic picture emerging from Canada as oil prices continue to slide. Analysts are also predicting future woe for the Canadian economy, with JP Morgan warning the Canadian dollar will fall to 77 cents if the Bank of Canada cuts rates again, as some economists have predicted. "There will be blood," the Wall Street firm predicted, referri