The Canadian Press

2001-10-31 | Dollar-Low

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October 31st was a spooky day for the Canadian dollar. The Loonie sank more than four-10ths-of-a-cent to end the day at 62.94 cents US -- the lowest close ever. Canadian Press reporter Bill Marshall said there were at least two reasons why the dollar was sinking. (Jeff Rubin -- an economist with CIBC World Markets -- predicted the dollar could sink dramatically.)

Date: 2001-10-31
Placeline: Toronto, ON, Canada
Source: The Canadian Press
Length: 20 seconds

Transcript Prediction: << for one thing the slowing global economy is putting downward pressure on prices for commodities things like oil lumber in minerals that in turn has a negative effect on Canada major commodity exporting nation economists also say the loony is dropping because of the belief that interest rates in Canada have not bottomed out >>

Clip ID: 20011031CPCN003