March 2, 2009 / 8:24 PM / 9 years ago

CANADA FX DEBT-Canadian dollar tumbles to 3-month low

TORONTO, March 2 (Reuters) - The Canadian dollar hit a three-month low against the U.S. dollar on Monday, extending weakness spurred by renewed risk aversion and the declining price of crude oil.

At 3:09 p.m. (2009 GMT), the Canadian dollar was at C$1.2910 to the U.S. dollar, or 77.46 U.S. cents, down from Friday’s close of C$1.2723 to the U.S. dollar, or 78.60 U.S. cents.

The currency fell to its lowest level since early December as worries over the global financial system prompted a flight to the safety of U.S. dollar assets, and the price of crude fell more than 10 percent to around $40 a barrel. (Reporting by Ka Yan Ng; editing by Rob Wilson)

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below