The Canadian dollar continued its slide on Friday to a nine-month low as it marked its worst week against the U.S. dollar in over a year. It lost over 2.1 per cent against the U.S. dollar this week, which was its worst performance since early March last year. Downbeat dataMeanwhile, national manufacturing sales data released on Friday did little to support the loonie. "The Canadian dollar remains vulnerable to further near-term weakness and the options market is pricing a greater premium for protection against Canadian dollar weakness," said Scotiabank's Osborne, referring to bets being made against the Canadian dollar by traders. Osborne pointed out that the big decline in the Canadian dollar is not just against the greenback, but pretty much across the board.

Source: CBC News March 16, 2018 16:47 UTC