Loonie trading near 11-year low

TORONTO – The Canadian dollar is trading near levels that it hasn’t seen since the summer of 2004.

The loonie traded at 76.23 cents US, down 0.22 cent of a U.S. cent from Friday’s close. Earlier it had been as low as 75.90, the lowest since closing at 75.82 cents US on Aug. 30, 2004.

The S&P/TSX composite index was at 14,468.30, down 0.14 from Friday’s close.

READ MORE: Low loonie to impact back-to-school spending

The Dow Jones industrial average was down 9.46 points at 17,588.74, the Nasdaq index fell 8.56 points to 5,106.82, and the S&P 500 declined 0.61 point to 2,097.43.

On the commodity markets, the December gold contract was US$1,091.40 an ounce, up $2 from Monday but down $3.70 from Friday, the September crude contract was at US$46.06 a barrel, up 89 cents from Monday but down $1.06 from Friday, and the contract for natural gas was up five cents from Monday at US$2.80.