By Commodity News Service Canada
WINNIPEG, November 8 – The Canadian dollar was slightly higher against its US counterpart in early activity on Tuesday.
The greenback moved lower Tuesday morning, feeling pressure from the ongoing US presidential election.
However, advances in the loonie were limited by weaker crude oil prices. New York Mercantile crude oil futures had dropped more than 0.75 per cent in early activity, which is bearish for the commodity-linked Canadian dollar.
At 8:45 CST Tuesday, the Canadian dollar was at US$0.7480 or US$=C$1.1.3369, which compares with Monday’s North American close of US$0.7478 or US$1=C$1.3372.
The TSX was down 7.80 points at 8:45 CST Tuesday morning to sit at 14,644.65.
