The Canadian dollar fell more than a full cent on Monday, a day after the head of the Bank of Canada hinted at interest rate cuts to come.
The loonie dropped 1.14 cents US to close at $1.0155 US on foreign currency markets.
On Sunday, Bank of Canada governor David Dodge told reporters in South Africa that "global financial turbulence that we are experiencing is now going to be more prolonged … (and) that clearly poses a risk that we are going to take into account when setting our own policy."
Dodge was in Africa for a meeting of the Bank for International Settlements.
The Bank of Canada is due to make its next decision on interest rates on December 4. Prior to that, the bank will get the October reading on inflation on Nov. 20.
The loonie hit its modern-day peak at $1.1030 on Nov. 7, but since then has been under some selling pressure as some investors take profits.
With files from Canadian PressRelated
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