Canadian dollar hits new low, falls below 69 cents U.S.

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Loonie / Shutterstock

The slide of the Canadian dollar continues. On Friday, the loonie fell to 68.9 cents U.S.

Canadian Dollar / Shutterstock

SEE ALSO: Canadian dollar could fall to record low of 59 cents U.S.: top analyst

The last time the Canadian dollar was worth that much was April of 2000.

Crude oil, however, saw a slight appreciation and is up to $31.20 a barrel, a 2.3 per cent increase.

The decline of the loonie will continue through the year. A top financial analyst recently predicted the Canadian dollar will hit an all-time low of 59 cents this year. The lowest the dollar has ever been is 62 cents U.S. back in 2002.

Many aspects of the lives of Canadians will be affected by the low dollar, especially when it comes to consumer goods imported from the states such as fruit and vegetables.

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Lauren Sundstrom Lauren is a Staff Writer and Projects Assistant at Vancity Buzz. She is a graduate of BCIT's Broadcast and Online Journalism program. She loves reporting on breaking news and lifestyle content. If you feel like you have a story that needs to be told, fire her a tweet.
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