Canadian dollar and business outlook

By Commodity News Service Canada

WINNIPEG, June 23 – The Canadian dollar weakened against its US counterpart Tuesday morning, as oil prices fell slightly, and concerns over Greece’s debt crisis supported the greenback.

At 8:30 a.m. CDT the Canadian dollar was at US$0.8082 or C$1.2373 which compares with Monday’s North American close of US$0.8113, or C$1.2326.

European finance ministers did not come to an agreement about Greece’s bailout during their meeting on Monday, but they anticipate coming to a conclusion this week.

There was no significant domestic data released by Statistics Canada on Tuesday.

The TSX was stronger in early activity, up 137.36 points at 8:30 a.m. CDT to sit at 14,790.48.

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