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Canadian dollar and business outlook

By Commodity News Service Canada

WINNIPEG, February 2 The Canadian dollar weakened against its US counterpart on Tuesday, as crude oil futures continued to fall.

At 8:35 a.m. CST the Canadian dollar was at US$0.7121 or C$1.4043 which compares with Monday’s North American close of US$0.7179, or C$1.3930.

New York Mercantile crude oil futures had lost US$1.40 a barrel to sit at US$30.22 at 8:35 a.m. on Tuesday.

There was no significant domestic data released by Statistics Canada on Tuesday.

The TSX was weaker in early activity, down 176.6 points at 8:35 a.m. CST to sit at 12,497.76.

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