The Globe and Mail | Markets sink as oil, dollar hit new lows The Globe and Mail Oil skidded to its lowest level in more than 11 years despite heightening tension in the Middle East, extending a dismal run for Canadian stocks and the loonie. Ceaseless pressure on global oil prices is rippling through the economy, along with fears ... Loonie hits lowest level since 2003 as Canadian oil trades below $20 US a barrel |