Winnipeg, November 14 – The Canadian dollar was lower relative to its American counterpart Monday morning, weighed down by losses
in crude oil.
The loonie weakened as oil prices hit a three-month low while the US dollar reached its highest point in nearly a year.
At 8:50 CST, the loonie was down 0.0014 of a cent to US$0.7374 or US$1=C$1.3561.
At 8:50 CST Monday morning, the TSX was up 8.70 points, or 0.06%, at 14,564.11.
The market was buffeted by the steep selloff in bond markets around the globe. Some estimates put the losses at more than US$1 trillion.
On a positive note, new data showed that the Japanese economy increased by an annualized rate of 2.2 percent in the third quarter,
which exceeded analysts’ expectations.
