By Commodity News Service Canada
WINNIPEG, June 24 The Canadian dollar declined sharply against its US counterpart on Friday, pressured by a vote from Britons to leave the European Union.
Britain will be leaving the European Union after a narrow race, with poll results showing a 52-48 per cent victory for the ‘leave’ campaign.
That news was bearish for the risk-sensitive Canadian dollar.
Losses in crude oil added to the loonie’s declines, with New York Mercantile futures losing more than four per cent in early activity.
At 9:08 a.m. CDT, the Canadian dollar was at US$0.7717 or C$1.2958 which compares with Thursday’s North American close of US$0.7830, or C$1.2772.
There was no significant domestic data released by Statistics Canada on Friday.
The TSX was weaker in early activity, down 165.6 points at 9:08 a.m. CDT to sit at 13,965.76.
