By MarketsFarm
WINNIPEG, Feb. 24 (MarketsFarm) The Canadian dollar was weaker Monday morning, as increased fears over the COVID-19 coronavirus outbreak weighed on financial markets.
At 9:06 CST Monday morning the Canadian dollar was at US$0.7535 or C$1.3271 which compares with Friday’s North American close of US$0.7562 or C$1.3224.
New cases of the COVID-19 virus were increasing outside of China over the weekend, with Iran, South Korea and Italy all of ‘special concern’ to the World Health Organization.
The Dow Jones Industrial Average was down roughly 800 points in early activity, while the TSX lost 266.70 points at 9:06 CST to trade at 17.576.83 points.
West Texas Intermediate crude oil was down by roughly US$2 per barrel, at US$51.17 per barrel.
