By Commodity News Service Canada
WINNIPEG, Jan. 25 – The Canadian dollar was weaker Monday morning, as losses in crude oil put some pressure on the energy-linked currency.
At 8:51 CST Monday morning the Canadian dollar was at US$0.7043 or C$1.4198 which compares with Friday’s North American close of US$0.7067 or C$1.4150.
After seeing a sharp corrective bounce off of nearby lows late last week, the Canadian dollar was lacking any follow-through strength to start the week. Losses in most outside equity markets contributed to the softer tone in the Canadian dollar.
There were no significant domestic economic releases Monday morning.
The TSX was weaker, down 102.02 points at 8:51 CST to sit at 12,287.56.
