By Commodity News Service Canada
WINNIPEG, June 6 (CNS Canada) The Canadian dollar was firmer Tuesday morning, although activity was somewhat choppy as investors await a number of developments later in the week.
At 9:29 CDT Tuesday morning the Canadian dollar was at US$0.7423 or C$1.3472 which compares with Monday’s North American close of US$0.7417 or C$1.3483.
The Bank of Canada is set to release a review of the country’s financial system on Thursday, which will be followed by comments from Governor Stephen Poloz.
The United Kingdom is also holding a general election on Thursday, which is being followed closely by the global financial markets.
Crude oil was weaker on Tuesday, amid ongoing concerns over a diplomatic dispute between Qatar and other Arab nations.
There were no significant domestic economic releases Tuesday morning.
The TSX was slightly stronger at 9:29 CDT, up 4.87 points at 15,414.65.
