By Commodity News Service Canada
WINNIPEG, July 02 – The Canadian dollar strengthened slightly
against its US counterpart Thursday morning, after dropping to a
two-and-a-half month low earlier in the morning. The loonie was
impacted by Greek’s economic crisis, and in light of a StatsCan report
showing lower than expected economic gains.
At 8:30 a.m. CDT the Canadian dollar was at US$0.7952 or C$1.2575
which compares with Tuesday’s North American close of US$0.8006, or
C$1.2490.
Canadian markets were closed Wednesday for Canada Day.
Canada’s economy declined by 0.1 per cent in April, a report
released by Statistics Canada earlier in the week said.
Most of Greece’s banks are shut, and cash withdrawal limits have
been imposed in light of a referendum that would determine if the
country will leave the euro.
Greek finance minister, Yanis Varoufakis, said the government
may resign if it fails to win the referendum.
There was no significant economic data released by Statistics
Canada Thursday.
The TSX was stronger in early activity, up 63.18 points at 8:30
a.m. CDT to sit at 14,553.33.
