By Commodity News Service Canada
WINNIPEG, Oct. 16 (CNS Canada) The Canadian dollar was weaker relative to its U.S. counterpart Monday morning.
At 9:29 CDT Monday morning the Canadian dollar was at US$0.79752 or C$1.2544 which compares with Friday’s North American close of US$0.8008 or C$1.2487.
The Bank of Canada releases its Fall Business Outlook Survey on Tuesday, and investors will be watching the report closely for signs of future interest rate moves.
Crude oil was higher in early activity, which provided some underlying support for the energy-linked Canadian dollar.
The TSX was stronger at 9:29 CDT, up 40.56 points at 15,847.7.
