August 17, 2015 10:44 am

Loonie slides toward 76 cents US as markets falter

The loonie has strayed into levels not seen in more than a decade in recent weeks.

Credit/Canadian Press

TORONTO – North American stock markets started the week lower and the Canadian dollar fell nearly one-quarter of a U.S. cent on Monday.

The loonie traded at 76.16 cents US, down 0.22 of a U.S. cent from Friday.

The S&P/TSX composite index was down 76.07 points at 14,201.8, adding to last week’s 227-point decline.

MORE: Complete coverage of the plunging loonie

The Dow Jones industrial average was down 109.43 points at 17,367.97, the Nasdaq index dropped 17.51 points to 5,030.73, and the S&P 500 declined 9.81 points to 2,081.73.

On the commodity markets, the December gold contract rose $6.20 to US$1,118.90 an ounce, the September crude contract was down 37 cents at US$42.13 a barrel and the September contract for natural gas was down six cents at US$2.74.

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WATCH: Tourism in British Columbia — like many places in Canada — is getting a boost from the slumping dollar, and not just from other countries. Nadia Stewart reports.

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