Canadian dollar and business outlook

By Commodity News Service Canada

WINNIPEG, Feb. 13 (CNS Canada) The Canadian dollar was weaker Tuesday morning, as declines in crude oil weighed on the currency.

At 9:10 CST Tuesday morning the Canadian dollar was at US$0.7923 or C$1.2621, which compares with Monday’s North American close of US$0.7935 or C$1.2603.

Expectations for large world crude oil supplies accounted for some of the weakness in oil that spilled into the energy-linked Canadian dollar.

Losses in equity markets were also bearish, as investors backed away from riskier assets.

The TSX was weaker at 9:10 CST, down 65.22 points at 15,176.66.

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