The Canadian Press

2016-01-12 | Dollar Markets

Preview Clip

The Canadian dollar briefly traded below 70 cents US today before recovering later in the day. The commodity-sensitive loonie still posted a significant loss as the price of oil fell. Sun Life Global Investments chief investment officer Sadiq Adatia (sah-DEEK' ah-DAY'-shee-ah) says the 70-cent line is an important psychological barrier for consumers. (The Canadian dollar has fallen from above par in 2013, while the price of oil has fallen by more than half over the last 18 months.)

Date: 2016-01-12
Placeline: TORONTO.
Source: The Canadian Press
Length: 20 seconds

Transcript Prediction: << psychologically you know you're not talking to 60 that could change people's habits they're not going to go see differences go away and and start to buy things in the states. He's been hit them significantly so that's one Posite is that means he can't I would spend in Canada because they can't afford to go spend outside Canada with where which he already is >>