By Commodity News Service Canada
WINNIPEG, Oct. 9 (CNS Canada) The Canadian dollar was weaker relative to its United States counterpart Tuesday morning, but showing some strength against other international currencies.
At 8:57 CDT Tuesday morning the Canadian dollar was at US$0.7698 or C$1.2990 which compares with Friday’s North American close of US$0.7730 or C$1.2936. Canadian markets were closed Monday for Thanksgiving.
Strength in the U.S. dollar index accounted for much of the early relative weakness in the Canadian currency, as investors backed away from riskier investments.
Crude oil was firmer in Tuesday morning, providing some underlying support for the loonie.
There were no significant domestic economic releases.
The TSX was weaker at 8:57 CDT, down 81.63 points at 15,864.54.
