By Commodity News Service Canada
WINNIPEG, May 1 (CNS Canada) The Canadian dollar was weaker Tuesday morning, as losses in crude oil weighed on the energy-linked currency and countered favourable gross domestic product data.
At 9:14 CDT Tuesday morning the Canadian dollar was at US$0.7771 or C$1.2868, which compares with Monday’s North American close of US$0.7791 or C$1.2836.
Canada’s gross domestic product grew by 0.4 per cent in February, following a 0.1 per cent decline the previous month, according to a report from Statistics Canada.
Bank of Canada governor Stephen Poloz is scheduled to give a speech in Yellowknife later in the day, and investors will be following his remarks closely for signs of future interest rate moves.
The TSX was weaker at 9:14 CDT, down 29.47 points at 15,578.41.
