By Commodity News Service Canada
WINNIPEG, January 4 The Canadian dollar weakened against its US counterpart on Monday, as commodity-linked currencies were pressured by drop off in Chinese shares.
At 8:40 a.m. CST the Canadian dollar was at US$0.7195 or C$1.3898 which compares with the previous North American close of US$0.7225, or C$1.3840.
Chinese shares dropped by seven per cent in early activity on Monday following data that shows the country’s manufacturing sector contracted for the tenth straight month.
There was no significant economic data released by Statistics Canada on Monday.
The TSX was weaker in early activity, down 134.5 points at 8:40 a.m. CST to sit at 12,875.43.
