Alliance Cons/Bloc damage our dollar with show vote

The Canadian dollar fell after Parliament passed a motion calling on Prime Minister Paul Martin's government to resign, ahead of a formal no-confidence vote later this month over a corruption scandal in Quebec.

The motion by the opposition Conservatives, instructing a parliamentary committee to recommend the Liberal Party-led government quit, passed in a 153-150 vote in the House of Commons in Ottawa. The motion sets the stage for the vote that could oust the minority government.

``It certainly intensifies political unrest in Canada,'' said Monica Fan, global head of foreign exchange strategy at RBC Capital Markets. ``This is very bearish for the Canadian dollar, particularly for investors who had been somewhat sanguine'' about the political situation. Fan, who is based in London, spoke from RBC's office in Sydney.

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