By MarketsFarm
WINNIPEG, Nov. 28 (MarketsFarm) – The Canadian dollar was weaker Monday morning, as losses in crude oil weighed on the energy-linked currency.
At 8:45 a.m. CST Monday morning the Canadian dollar was at US$0.7430 or US$1=C$1.3459, which compares with Friday’s close of US$0.7476 or US$1=C$1.3377.
Protests in China over the government’s strict zero-COVID policies were leading to volatility in crude oil, given the mounting uncertainty over the country’s demand for oil and other commodities going forward.
Crude oil was trading near its weakest levels in 10 months, with West Texas Intermediate down by 2.0 per cent at US$74.74 per barrel.
The TSX was down by 59.03 points at 8:45 CST, trading at 20,324.74 points.
