Loonie at Lowest in More Than 20 Years, TSX Sinks Nearly 600 Points

Canadian dollar coins, or loonies, are displayed on a map of North America in Montreal, on Jan. 9, 2014, photo illustration. The Canadian Press/Paul Chiasson

The Canadian dollar fell to its lowest level in more than two decades after U.S. President Donald Trump announced sweeping tariffs to be enacted Tuesday.

The loonie was trading for 68.13 cents US, its lowest level against the U.S. dollar since 2003, compared with 69.04 cents US on Friday.