By Commodity News Service Canada
WINNIPEG, June 29 – The Canadian dollar weakened against its
US counterpart Monday morning, as Greece shut its banks and markets
for a week amid debt uncertainty.
At 8:30 a.m. CDT the Canadian dollar was at US$0.8070 or C$1.2392
which compares with Friday’s North American close of US$0.8120, or
C$1.2315.
The prime minister of Greece, Alexis Tsipras, called a surprise
referendum and closed banks and markets until July 6.
Tsipras called the referendum on Saturday to decide whether to
accept the terms offered by international creditors.
The Industrial Product Price Index, which measures price changes
in major commodities sold by Canadian manufacturers, increased by
0.5 per cent in May, Statistics Canada said in a report on Monday.
The increase is mainly due to higher prices for energy and
petroleum products, StatsCan says.
The TSX was weaker in early activity, down 89.41 points at 8:30
a.m. CDT to sit at 14,808.09.
