Canadian dollar closes below 90 cents
The Canadian dollar slipped below 90 cents US Monday, its lowest point since July of 2009.
The loonie closed at 89.96 US after gaining ground earlier in the session, as concern over emerging market currencies snowballed.
The steep slide in stocks that began last week slowed on Monday in U.S. markets, but Toronto stocks continued their drop, hurt by falling gold prices and a dip in oil and natural gas prices.
The TSX/S&P index was down 135 points, or one per cent, to 13,582 at the end of the day. The Dow ticked down 41 points to 15,837 after making gains earlier in the day, and the Nasdaq exchange was down 44 points at 4,083.
CBC News
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