November 15, 20240 Comments

Sub-70 cent Canadian dollar inching closer into view

Breadcrumb Trail Links News Economy Canadian dollar sank below 71 cents U.S. for the first time since mid-2020 Published Nov 15, 2024  •  Last updated 38 minutes ago  •  3 minute read You can save this article by registering for free here. Or sign-in if you have an account. The Canadian dollar fell as low as 70.89 cents U.S., lingering below 71 cents U.S. for most of the afternoon on Friday.

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November 13, 20240 Comments

Canadian dollar hits four-year low as 71 cent U.S. threshold nears

Article content The Canadian dollar fell to a four-year low Wednesday with analysts keeping a sharp eye on the currency as it approached the critical barrier of 71 cents U.S. “If you look at the (Canadian dollar) chart over the past five years, we haven’t breached that level since the pandemic,” Sarah Ying, head of foreign exchange strategy at CIBC Capital Markets, said.The loonie is down 1.1 per cent since

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