By Commodity News Service Canada
Winnipeg, Feb. 23 – The Canadian dollar was weaker on Monday, as losses in crude oil and a firmer tone for the US dollar internationally weighed on the currency.
The Canadian currency late in the afternoon was quoted at US$0.7952 or US$1=C$1.2576. This compares with Friday’s North American close of US$0.7971, or US$=C$1.2546.
Canadian bonds were higher on Monday, taking some direction from the rising US Treasurys.
Bank of Canada Governor Stephen Poloz is set to give a speech on Tuesday, and analysts will be following his remarks for any hint of future monetary policy moves.
