TORONTO – The Canadian dollar is continuing its descent as markets around the world continue to take stock of last week’s Brexit vote.
The loonie began the week at 76.63 cents US in early morning trading shortly after North American stock markets opened, down 0.3 of a cent from Friday’s close.
On Friday, Canada’s dollar fell 1.37 U.S. cents to 76.93 cents US.
The Toronto Stock Exchange’s S&P/TSX index fell 103.45 points to 13,788.43 in the first 10 minutes of trading this morning following a 239.50 point decline on Friday.
The Dow Jones industrial average dropped 209.69 points at 17,190.17, the broader S&P 500 composite index declined 23.68 points to 2,013.73 and the Nasdaq composite fell 60.92 points to 4,647.06.
The August crude contract was down $1 at US$46.64 per barrel and August natural gas was up five cents at US$2.74 per mmBTU. August gold rose $7 to US$1,329.40 an ounce and July copper contracts rose one cent to US$2.12 a pound.