By MarketsFarm
WINNIPEG, April 15 (MarketsFarm) The Canadian dollar was slightly weaker Tuesday morning, as Monday’s dovish business outlook survey from the Bank of Canada continued to pressure the currency.
At 8:56 CDT Tuesday morning the Canadian dollar was at US$0.7478 or C$1.3319 which compares with Monday’s North American close of US$0.7488 or C$1.3354.
Canadian factory sales declined by 0.2 per cent in February compared to the previous month, according to a report from Statistics Canada. Pre-report expectations had been for a steady reading on the month.
Statistics Canada also reported net foreign investment in Canadian securities of C$12.0 billion in February.
Canadian inflation data will be released on Wednesday.
Crude oil was firmer in early trade, providing some support for the energy-linked currency.
The TSX was stronger Tuesday morning, up 33.26 points at 8:56 CDT to sit at 16,548.72.
