By Chris Fournier April 12 (Bloomberg) -- Canada’s dollar depreciated for a second consecutive day along with other commodity-linked currencies after the announcement of a rescue package for Greece’s economy boosted the euro. Canada’s dollar achieved parity last week versus its U.S. counterpart for the first time in almost two years on speculation the nation’s central bank will raise borrowing costs faster than the Federal Reserve. The Bank of Canada today releases its business outlook survey at 10:30 a.m. Toronto time. “The euro-related easing in sovereign risk is enticing the market to bid up the currencies that have underperformed commodities currencies over the past month,” said Sacha Tihanyi, a currency strategist in Toronto at Bank of Nova Scotia, Canada’s third-largest lender. He cited the dollars of Canada, New Zealand and Australia. “It looks like a relief rally in some of these other majors.” The Canadian currency weakened 0.5 percent to C$1.0075 per U.S. dollar at 8:05 a.m. in Toronto, from C$1.0027 on April 9. One Canadian dollar buys 99.26 U.S. cents. Euro-region finance ministers said yesterday they would offer as much as 30 billion euros ($41 billion) in three-year loans in 2010 at around 5 percent. As much as 15 billion euros would also come from the International Monetary Fund. The euro rose to a three-week high against the greenback.

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