By Commodity News Service Canada
WINNIPEG, Nov. 27 (CNS Canada) The Canadian dollar was weaker Monday morning, retreating from overnight advances as a decline in crude oil weighed on values.
Profit-taking after recent advances accounted for some of the weakness in crude oil, as activity in the U.S. markets picked up following the Thanksgiving holiday.
At 9:44 CST Monday morning the Canadian dollar was at US$0.7853 or C$1.2734 which compares with Friday’s North American close of US$0.7869 or C$1.2708.
There were no significant Canadian economic releases Monday morning. Investors will be awaiting the latest employment and inflation data, due out on Friday. The Bank of Canada also releases its semi-annual Financial System Review on Tuesday.
The TSX was stronger at 9:45 CST, down 24.48 points at 16,086.61.
