The following is excerpted from the 25 May 2010 edition of "globeandmail.com".

The Canadian dollar slid to a near seven-month low Tuesday as commodity prices wilted and concerns mounted over European debt woes. Stock markets around the world fell.

The loonie fell below the 93-cent (U.S.) mark to its lowest level since late October as commodities such as crude oil and copper sank. Canada’s benchmark S&P/TSX composite index tumbled 1.5 per cent to its lowest level in more than three months.

Concerns over the solvency of Spanish banks and growing tensions between North and South Korea sparked the latest plunge in markets. In Canada, worries over Europe’s debt crisis and the strength of the global recovery are raising questions on whether the Bank of Canada will raise interest rates a week from today...

The Canadian dollar tumbled to 92.62 cents. The Australian and New Zealand currencies also weakened as investors moved out of commodity currencies and sought the perceived safety of the U.S. dollar...