By Commodity News Service Canada
WINNIPEG, June 23 (CNS Canada) The Canadian dollar strengthened against its US counterpart Thursday morning, up with crude oil as Britain votes on its European Union membership (Brexit).
Currency markets could echo yesterday’s choppiness as investors bet on Britain staying in the European Union. An Ipsos MORI poll conducted on Tuesday and Wednesday found 52 per cent are in favour of remaining in the European Union, barely edging out those against.
Markets across the globe have been shaken over the past two weeks as investors speculated about the consequences of a Brexit, which could potentially cause a financial crisis.
At 8:41 CDT Thursday, the Canadian dollar was at US$0.7840 or US$=C$1.2755, which compares with Wednesday’s North American close of US$0.7789 or US$1=C$1.2839.
The TSX was up 82.50 points, or 0.59 per cent, at 8:41 CDT Thursday morning to sit at 14,086.31.
