By MarketsFarm
WINNIPEG, Jan. 30 (MarketsFarm) – The Canadian dollar was slightly softer Monday morning, as losses in crude oil weighed on the energy-linked currency.
At 8:59 a.m. CST Monday morning the Canadian dollar was at US$0.7492 or US$1=C$1.3348, which compares with Friday’s close of US$0.7511 or US$1=C$1.3314.
Crude oil was pressured by bearish technical signals and concerns over declining global demand in the face of economic uncertainty. West Texas Intermediate was down by 1.2 per cent at US$78.74 per barrel.
The TSX was down by 32.87 points at 8:59 CST, trading at 20,681.61 points.
