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TORONTO — The Canadian dollar pulled back sharply against the greenback on Monday, touching its weakest level in 11 years, as crude prices plummeted as much as 6 per cent after Chinese stocks took their biggest one-day beating since the financial crisis.

A recent string of disappointing data out of China sparked expectations Beijing might take steps to sooth markets. But Chinese stocks fell nearly 9 percent after no move was made.

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Worries that stalling growth in one of the world’s largest economies and commodities consumers will spur a global economic slowdown drove a dramatic meltdown in global equities and commodities, with U.S. stocks ending more than 3 percent lower.

The Canadian dollar finished at $1.3262 to the greenback, or 75.40 U.S. cents, a sharp retreat from the Bank of Canada’s official close on Friday of $1.3169, or 75.94 U.S. cents.

The loonie touched $1.3290, or 75.24 U.S. cents earlier in the session, its softest level since August 2004.