By Commodity News Service Canada
WINNIPEG, Feb. 23 The Canadian dollar was weaker Monday morning, as uncertainty over the Greek economic situation boosted the US dollar internationally at the expense of other currencies.
An agreement to extend loans and implement some budgetary reforms in Greece was reached on Friday, and the Greek government will submit its proposal for final approval later on Monday.
At 9:00 CST Monday morning the Canadian dollar was at US$0.7951 or C$1.2577 which compares with Friday’s North American close of US$0.7971, or C$1.2546.
Losses in crude oil also weighed on the energy linked Canadian dollar.
There were no significant domestic economic releases Monday morning.
The TSX was weaker in early activity, down 32.30 points at 9:00 CST to sit at 15,139.94.
