By Commodity News Service Canada
WINNIPEG, Nov. 28 (CNS Canada) The Canadian dollar was weaker Tuesday morning, as declines in crude oil weighed on the energy-linked currency.
At 8:56 CST Tuesday morning the Canadian dollar was at US$0.7816 or C$1.2794 which compares with Monday’s North American close of US$0.7852 or C$1.2735.
Oil moved lower today as members of the Organization of Petroleum Exporting Countries (OPEC) are set to meet later in the week to discuss extending production cuts.
The Bank of Canada will release its semi-annual Financial Systems Review later Tuesday morning, and investors will be reading into the report closely for any hints on future interest rate moves.
The TSX was stronger at 8:56 CST, up 17.63 points at 16,059.75.
