By Commodity News Service Canada
WINNIPEG, Feb. 27 (CNS Canada) The Canadian dollar was slightly weaker Tuesday morning, as traders adjusted positions before the release of Canada’s latest budget.
At 9:00 CST Monday morning the Canadian dollar was at US$0.7858 or C$1.2726, which compares with Monday’s North American close of US$0.7883 or C$1.2686.
Canada’s Liberal government is set to reveal its latest federal budget later in the day, and investors will be combing the document closely for signs of its impact on the economy.
New U.S. Federal Reserve Chair Jerome Powell is making his first major appearance since taking the job earlier in February as he testifies before the House Financial Services Committee.
The TSX was stronger at 8:48 CST, up 10.94 points at 15,725.60.
