By Commodity News Service Canada
WINNIPEG, October 19 – The Canadian dollar weakened against its
US counterpart Monday, ahead of the Canadian federal election and
as crude oil prices fell.
At 9:05 a.m. CDT the Canadian dollar was at US$0.7711 or C$1.2968
which compares with Friday’s North American close of US$0.7732, or
C$1.2933.
Light Sweet Crude Oil (WTI) futures were down 0.93 US cents in
the November contract to sit at US$46.33 a barrel, and down 0.96 US
cents in the December contract to sit at US$46.76 a barrel, as of
9:05 a.m.
Canadians are heading to the polling stations on Monday for the
federal election, market watchers are closely following the outcome.
There was no significant domestic data released by Statistics
Canada on Monday.
The TSX was weaker in early activity, down 39.34 points at 9:05
a.m. CDT to sit at 13,798.76.
