Wednesday, March 19, 2008

Canadian Dollar's One-day Drop Worst Since '62

The Canadian dollar had its biggest single-day plunge in nearly 46 years today (March 19), falling 2.19 cents against the American dollar as a bleak outlook for the world’s economies also pushed down the price of key commodities such as gold and oil.

The loonie ended the day at 98.49 cents U.S. — the lowest close in a month. The currency had also fallen sharply yesterday and continued lower throughout today’s session, but the momentum picked up late in the afternoon.

Read the Toronto Star story.

Read the story

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