By Commodity News Service Canada
WINNIPEG, May 3 (CNS Canada) The Canadian dollar was weaker Tuesday morning, retreating from its recently hit 10-month highs as losses in crude oil spilled over to weigh on the energy-linked currency.
At 9:40 CDT Tuesday morning the Canadian dollar was at US$0.7892 or C$1.2671 which compares with Monday’s North American close of US$0.7977 or C$1.2536.
Crude oil was under pressure on Tuesday amid mounting concerns over large world supplies and increased output from the Middle East. Soft manufacturing data out of China was also bearish for the global equity markets in general.
The TSX was weaker, down 220.89 points at 9:40 CDT to sit at 13,645.71.
