By Commodity News Service Canada
Winnipeg, April 18 – The Canadian dollar was lower against its
American counterpart on Tuesday, following a decrease in oil prices.
Losses in gold and copper also undermined the commodity-linked
currency.
British Prime Minister Theresa May’s decision to call a surprise
election for June 8 threw some caution into world markets, according
to a report.
At 8:55 CDT Tuesday morning the Canadian dollar was at US$0.7482
or C$1.3265 which compares with Monday’s North American close of
US$0.7510 or C$1.3316.
At 8:55 CDT Tuesday morning, the TSX was down 50.16 points, or
0.32%, at 15,634.73.
Losses in energy stocks pointed the way down amid concerns US
President Donald Trump’s election pledge to lower taxes could be
delayed.
