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 Canoe.ca story