Battered loonie hits lowest value since 2009
The dollar has been sinking since the Bank of Canada this week announced it was cutting its key interest rate
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TORONTO—The Canadian dollar has dropped below 77 cents US for the first time since March 2009.
The loonie traded at 76.97 cents US early July 17, down 0.13 of a U.S. cent from the previous day’s close.
Dow Jones industrial futures were down 10 points at 18,010.0, the Nasdaq futures rose 21.5 points to 4,619.3, and the S&P 500 futures advanced 1.5 points to 2,118.4.
On the commodity markets, the August gold contract fell $5.60 to US$1,138.30 an ounce, the August crude contract was down 60 cents at US$50.31 a barrel and the August contract for natural gas was down one cent at US$2.84.
The S&P/TSX composite index closed Thursday at 14,731.08, up 68.80 points.