TORONTO - The Canadian dollar plunged to an all-time low in early trading Thursday, tumbling as low as 61.84 cents US.
The Canadian dollar hit a new all-time low on Thursday
Traders said the Canadian dollar hit its new low based on technical trading in London, England, with not much interest from buyers or sellers.
When the loonie opened on North American trading at 8:30 a.m. ET this morning, it stood at 62.01 cents, down 0.52 of a cent. The U.S. dollar was worth $1.6126 Cdn, up 1.33 cents.
BMO Nesbitt Burns economist Doug Porter said the dollar is feeling the effect of continued questions over the timing of the recovery in North America and around the world.