Canadian Dollar Plunges To 5-Year Low Of 86.69 US.
The Canadian dollar plunged to 86 cents today in the wake of turmoil in oil and stock markets.
The loonie was trading at a 5½-year low of 86.69 cents US.
Oil prices seemed to pause in the steep descent they’ve made in the last two weeks.
West Texas Intermediate crude, the contract traded in New York, was down just 18 cents at 11.30 a.m. ET, to $60.76 US a barrel, after falling more than $2 Wednesday.
Brent crude edged higher, up 23 cents, to $64.47 US. It is down 37 per cent over the last three months.
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