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Posted AT 4:53 PM EST on 06/10/08

Loonie slides to 18-month low

JOHN PARTRIDGE

Globe and Mail Update

The Canadian dollar, along with all major currencies except the Japanese yen, continued to fall sharply against the U.S. greenback Monday as the arrival of the global financial crisis in Europe perversely made the U.S. situation look almost stable. A little more than an hour after North American stock markets opened, the loonie was trading at 90.84 cents (U.S.), down more than 1.5 cents from its previous close, a level it had not seen since April, 2007. It closed the day at 90.

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Market	Change	Value
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S&P/TSX	-30.85	8,296.96
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