By Commodity News Service Canada
WINNIPEG, June 4 The Canadian dollar was weaker against its U.S. counterpart on Thursday morning. Oil prices experienced little change the day before an OPEC meeting.
At 8:30 CDT Thursday morning the Canadian dollar was at US$0.8011 or C$1.2483 compared to Wednesday’s North American close of US$0.8030, or C$1.2453.
The Organization of the Petroleum Exporting Countries (OPEC) is expected to meet Friday. Despite a drop in global oil prices, OPEC is not likely to change their production quota.
There was no significant economic data released by Statistics
Canada Thursday morning, but they are expected to release the results of a labour force survey and information on labour productivity, compensation and cost Friday morning.
The TSX was weaker in early activity, down 49.94 points at 8:30 a.m. CDT to sit at 15,154.68.
