By MarketsFarm
WINNIPEG, Sept. 27 (MarketsFarm) – The Canadian dollar was only slightly weaker Tuesday morning, taking a breather after falling to its lowest level in over two years relative to its United States counterpart.
At 8:44 a.m. CDT Tuesday morning the Canadian dollar was at US$0.7280 or US$1=C$1.3736, which compares with Monday’s close of US$0.7291 or US$1=C$1.3716.
A firmer tone in crude oil helped underpin the energy-linked currency. Gains in equity markets, after widespread economic uncertainty cut into the global risk appetite in recent days, also helped underpin the Canadian dollar.
West Texas Intermediate crude oil was up by 1.6 per cent in early activity, at C$77.96 per barrel.
The TSX was up by 150.44 points at 8:44 CDT, trading at 18,477.48 points.
