Voters electing Donald Trump to the White House as sent world markets deep into the red.
Investors have been unloading shares as America faces a president-elect who built his campaign on promises to wipe out trade deals and restrict immigration.
Economists see Trump as a political novice who threatens to disrupt trade and the global economy, though some markets have rebounded slightly following his victory speech.
U.S. stock futures plummeted 5 per cent at one point, which was worse than the impact of Brexit that wiped trillions of dollars off world markets.
Dow futures bottomed out Tuesday night, and while they’ve risen slightly they’re still down 389 points Wednesday morning.
The loonie ended trading Tuesday at 75.16 cents US, and is trading Wednesday down 58-100ths of a cent to 74.58 cents US.
European markets have opened lower, and the Mexican peso plunged more than 13 percent against the dollar at one point in the biggest daily move in two decades.
There have been some gains in investments traditionally viewed as safe havens.
Gold, which is something people gravitate towards in times of instability,has climbed 1.8 per cent to just under $1,300 an ounce.
The Swiss franc and the Japanese yen have risen against the American dollar.