TORONTO — The Canadian dollar dropped to levels not seen in more than a decade as the price of oil and gold both came under pressure.
The loonie was down 0.47 of a cent at 76.76 cents US. That's the lowest level since September 2004.
The dollar has been on a downward slide since last summer, when the price of oil started to weaken.
Oil prices dropped below the US$50 mark in trading Wednesday, while gold traded for less than US$1,100 an ounce.
Compounding the loonie weakness was a decision by the Bank of Canada to cut its key interest rate last week.
The central bank's overnight rate target stands at 0.5 per cent.
Also on HuffPost:
-- This feed and its contents are the property of The Huffington Post, and use is subject to our terms. It may be used for personal consumption, but may not be distributed on a website.