global demand: The loonie was down 0.61 of a cent to 87.67 US at the close, after gaining almost a cent on Monday. , according to Canadian Broadcasting Corporation, CBC. A higher U.S. dollar, lower global demand for crude and a glut of supply are working to push oil prices lower. OPECs decision last week not to cut back production to deal with the global oversupply accelerated a rout that began in September. The Canadian dollar fell more than half a cent Tuesday to 87.67 as both crude oil and gold continued to slide. Canadas currency continues to move with commodities, especially oil which fell $1.71 in New York to $67.29 US.
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