By Commodity News Service Canada
WINNIPEG, February 8 The Canadian dollar weakened against its US counterpart on Monday, as crude oil futures weakened.
At 8:40 a.m. CST the Canadian dollar was at US$0.7167 or C$1.3953 which compares with Friday’s North American close of US$0.7190, or C$1.3908.
In Canadian domestic data, the total value of building permits issued by Canadian municipalities rose 11.3 per cent to C$6.9 billion in December, following a 19.9 per cent decline the previous month. Higher construction intentions for multi-family dwellings in Quebec, Ontario, British Columbia and Alberta explained the advance, Statistics Canada said in a report on Monday.
The TSX was weaker in early activity, up 149.60 points at 8:40 a.m. CST to sit at 12,614.40.
