| TORONTO (Reuters) - The Canadian dollar fell against the U.S. dollar on Friday as concerns about credit-related losses took center stage, causing an unwinding of risky carry trades and bringing the Canadian currency along for the ride. Canadian bond prices rose as the credit-related concerns spurred investors to seek the safety of government debt, pushing yields on the two-year bond to their lowest point since April. At 9:54 a.m. (1452 GMT), the Canadian dollar was at US$1.0622, valuing each U.S. dollar at 94.14 Canadian cents, down from Thursday's close of US$1.0683, or 93.60 Canadian cents. Concerns that more financial firms are going to be hit by credit-related problems were stoked by news that Wachovia Corp , the fourth-largest U.S. bank, said it incurred about $1.1 billion in losses from the credit market crisis and expected further loan losses in the fourth quarter.
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