By MarketsFarm
WINNIPEG, Feb. 27 (MarketsFarm) The Canadian dollar fell to its weakest levels in six months Thursday morning, as losses in crude oil and ongoing concerns over the COVID-19 coronavirus weighed on the currency.
At 9:08 CST Thursday morning the Canadian dollar was at US$0.7485 or C$1.3360 which compares with Wednesday’s North American close of US$0.7515 or C$1.3307.
Continued protests hampering Canada’s transportation system also kept some caution in the currency, as the rail disruptions could slow the country’s economy. Wet’suwet’en hereditary chiefs are set to meet with federal and provincial officials in British Columbia today.
Crude oil was down by more than US$2.50 per barrel in early activity, with West Texas Intermediate trading at US$46.15 per barrel.
The TSX was down 351.62 points at 9:08 CST to trade at 16,690.30 points.
