By MarketsFarm
WINNIPEG, Dec. 23 (MarketsFarm) The Canadian dollar was slightly weaker Monday morning, as traders reacted to the latest domestic economic data.
At 9:18 CST Monday morning the Canadian dollar was at US$0.7589 or C$1.3177 which compares with Friday’s North American close of US$0.7596 or C$1.3164.
The Canadian economy unexpectedly contracted slightly in October, according to updated data from Statistics Canada. The country’s gross domestic product was down by 0.1 per cent on the month, marking the first downward move in eight months. Average pre-report guesses had been for a flat reading on the month.
Crude oil was softer in early activity.
The TSX was up by 23.09 points at 9:18 CST to sit at 17,141.53.
