Loonie falls to lowest level in more than 18 months
Toronto – The Canadian dollar tumbled to its lowest level in more than 18 months on Friday as the U.S. dollar continued to appreciate. The loonie was down for the sixth session, failing 0.76 of a cent to 95.64 cents U.S., its lowest close since late November 2011. At one point during the session, it was as low as 95.47 cents U.S., again the lowest since November 2011. Disappointing retail sales numbers and low inflation were factors, but the real culprit was a stronger U.S. dollar.
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