Loonie falters, then rallies to get back above 80 cents US
The Canadian dollar showed a gain of more than half a cent US Thursday, climbing back above 80 cents US after falling as low as 78.49 in early trading.
The Canadian dollar showed a gain of more than half a cent US Thursday, climbing back above 80 cents US after falling as low as 78.49 in early trading.
It fetched about 80.27 cents US in late trading, up 0.57 from Wednesday's close.
The loonie has fallen sharply recently, pushed down by a drop in oil prices and a rally in the U.S. dollar.
On Wednesday, it dropped 2.69 cents to end at 79.70 cents US. That was its first close under 80 cents US since June 2005.