The Canadian dollar hit a 13 year low yesterday and it’s down again this morning.
This morning the dollar was trading around.69.64 cents U.S. Traders say falling oil prices are mainly responsible for a drop of more than 2.5 cents in the loonie’s value since the start of the year.
And although the price of oil is a little higher this morning, it’s still around a 12-year low, trading at $30.87/barrel U.S