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The Toronto stock exchange was down more than 300 points Friday as the loonie suffered one of its worst days ever.
At its lowest point, the Canadian dollar fell nearly four cents against the U.S. dollar, to 83.41 cents US. By late morning, the loonie recovered slightly, trading at 84.20 cents US.
Since November 2007, when the dollar hit an all-time peak of 110.3 cents US, the loonie has fallen more than 26 cents.
Originally posted by redhatty
Canadians call their exchange the "loonie"???
Originally posted by redhatty
Yes, I see that now, the pics made it very clear. I even understand it's called the loonie because of the bird (loon) on it
I'm almost disappointed though, I like the exchange being called the loonie better LOL
Serious note, Prepare for the worst, hope for the best & don't forget to hug and kiss the ones you love
Originally posted by Max_TO
Why in your opinion is the Canadian dollar going down ?