By MarketsFarm
WINNIPEG, April 25 (MarketsFarm) – The Canadian dollar was softer Tuesday morning, taking some direction from crude oil.
At 8:38 a.m. CDT Tuesday morning the Canadian dollar was at US$0.7347 or US$1=C$1.3611, which compares with Monday’s close of US$0.7384 or US$1=C$1.3542.
The Bank of Canada is set to release the minutes of its latest monetary policy meetings on Wednesday and investors will be reading closely for signs of any future rate adjustments.
Crude oil was weaker Tuesday morning with uncertainty over global demand behind some of the selling pressure. West Texas Intermediate was down by 1.0 per cent at US$78.00 per barrel.
The TSX fell by 97.71 points at 8:38 CDT, trading at 20,579.03 points.
