By Commodity News Service Canada
WINNIPEG, June 20 (CNS Canada) – The Canadian dollar fell against the U.S. greenback this morning, erasing recent gains as oil prices declined.
U.S. crude prices lost 2.96 per cent to seven-month lows of US$42.89 per barrel.
Meanwhile, Canadian wholesale trade rose one per cent in April, Statistics Canada reported. The increase was credited to stronger sales of machinery, equipment and supplies.
At 9:15 CDT Tuesday morning the Canadian dollar was at 75.4 cents U.S. or C$1.3262, which compares to the June 19 close of 75.64 cents U.S. or C$1.3220.
The S&P/TSX was weaker at 9:14 CDT, down 99.64 points at 15,166.85.
