Canadian dollar falls as oil prices and equity markets slide on Thursday
The loonie fell on Thursday as oil prices dropped and stock markets faced a selloff. Strong labor data and lower energy demand forecasts weighed on the currency.
The Canadian dollar weakened 0.3% to 1.3620 per U.S. dollar today, as a renewed selloff in equities and a sharp decline in the oil market weighed on the currency of Canada 
CA. This downward move occurred despite the loonie maintaining a 0.8% year-to-date gain, with the primary triggers being a slump in U.S. stock indexes—notably within the software and technology sector—and a roughly 3% drop in oil prices.
CA. This downward move occurred despite the loonie maintaining a 0.8% year-to-date gain, with the primary triggers being a slump in U.S. stock indexes—notably within the software and technology sector—and a roughly 3% drop in oil prices.
