By Commodity News Service Canada
WINNIPEG, June 19 (CNS Canada) The Canadian dollar was weaker Tuesday morning, as the escalating trade tensions between China and the United States weighed on global equities and commodities.
At 8:54 CDT Tuesday morning the Canadian dollar was at US$0.7532 or C$1.3277, which compares with Monday’s North American close of US$0.7571 or C$1.3208.
After both the U.S. and China announced tariffs on a wide range of goods last week, the U.S. came back with additional 10 per cent tariffs on US$200 billion worth of Chinese goods. China is expected to fight back with its own measures.
Crude oil, gold, and many other commodities were all lower on Tuesday. Equity markets were also weaker as the mounting trade tensions had investors backing away from riskier assets.
The TSX was weaker at 8:54 CDT, down 73.22 points at 16,310.41.
