By Commodity News Service Canada
WINNIPEG, Feb. 1 (CNS Canada) The Canadian dollar was weaker Thursday morning, seeing a modest correction after hitting four-month highs on Wednesday.
At 9:18 CST Thursday morning the Canadian dollar was at US$0.8127 or C$1.2305, which compares with Wednesday’s North American close of US$0.8135 or C$1.2293.
Ideas that the U.S. Federal Reserve may be looking to raise interest rates possibly by March helped underpin the U.S. currency at the expense of the loonie.
Crude oil prices were higher in early activity, providing some support for the energy-linked Canadian dollar.
The TSX was weaker at 9:18 CST, down 35.47 points at 15,916.20.
