By Commodity News Service Canada
WINNIPEG, Aug. 13 (CNS Canada) The Canadian dollar was slightly softer Monday morning, as the currency crisis in Turkey continued to roil the global financial markets.
At 9:20 CDT Monday morning the Canadian dollar was at US$0.7618 or C$1.3127 which compares with Friday’s North American close of US$0.7626 or C$1.3113.
Turkey’s lira has dropped sharply amid mounting tensions between the country and the United States. Turkey’s high inflation rate had investors bailing out of riskier assets.
Ongoing tensions with Saudi Arabia added to the softer tone in the Canadian dollar, while NAFTA negotiations remained another influence in the background.
The TSX was stronger at 9:20 CDT, up 25.33 points at 16,351.84.
