By Commodity News Service Canada
WINNIPEG, July 7 – The Canadian dollar weakened against its US counterpart Tuesday morning as Statistics Canada released data about Canada’s international trade, and amid global uncertainty after Greece’s “no” bailout vote.
At 8:55 a.m. CDT the Canadian dollar was at US$0.7834 or C$1.2765 which compares with Monday’s North American close of US$0.7904, or C$1.2652.
European leaders are meeting this week to discuss Greece’s
financial crisis and whether the country will stay in the euro zone.
In Canadian domestic data, Canada’s exports declined 0.6 per cent in May while imports increased by 0.2 per cent, Statistics Canada said in a report on Tuesday.
Canada’s merchandise trade deficit with the world increased by C$0.3-billion to C$3.3-billion in May, according to StatsCan.
The TSX was weaker in early activity, down 69.36 points at 8:55 a.m. CDT to sit at 14,897.50.
