By Commodity News Service Canada
WINNIPEG, March 6 – The Canadian dollar was slightly weaker against its US counterpart in early activity on Monday.
The loonie was feeling pressure from ideas that the US Federal Reserve will raise interest rates at its meeting next week.
At 9:13 CST Monday, the Canadian dollar was at US$0.7463 or US$=C$1.3399, which compares with Friday’s North American close of US$0.7474 or US$1=C$1.3379.
In Canadian domestic data, capital expenditures for the oil and gas extraction industries totalled C$10.1 billion in the fourth quarter, down 11.7 per cent from the fourth quarter of 2015, Statistics Canada said in a report on Monday.
The TSX was down 13.38 points at 9:13 CST Monday morning to sit at 15,595.12.
