(Malcolm Morrison – Canadian Press)
The Canadian dollar closed at a five-year low Tuesday as the resource-sensitive loonie was pressured by oil prices also at multi-year lows.
The loonie fell 0.41 of a cent to 87.64 cents US, its lowest close since July 2009.
The December crude contract in New York fell $1.59 to a three year low of US$77.19 after Saudi Arabia cut prices to its U.S. customers. Read more here.