covidDollars and SenseNewsOil & Gas
US Coronavirus Surge Weakens Loonie
Source: MarketsFarm, producer.com, July 08, 2020
Benchmark crude oil prices took a small hit on Tuesday as the pandemic weighed on values.
The Canadian dollar was lower on Tuesday, as the North American stock markets were concerned about the resumption of lockdown measures due to a surge in the number of reported cases of COVID-19 in the United States.
The loonie finished the day at US$0.7362 or US$1=C$1.3583, compared to Monday when it closed at US$0.7384 or US$1=C$1.3543.
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