By Commodity News Service Canada
WINNIPEG, June 10 The Canadian dollar was stronger than its US counterpart Wednesday morning due to firming crude oil prices.
At 8:30 a.m. CDT the Canadian dollar was at US$0.8191 or C$1.2208 which compares with Tuesday’s North American close of US$0.8100, or C$1.2345.
Canada’s crude oil production is still growing, though not as quickly as anticipated.
The Canadian Association of Petroleum Producers says they expect to produce 4.96 million barrels a day by 2025, down from the 6 million barrel estimate they provided in 2013.
No significant domestic data was released by Statistics Canada on Wednesday.
The TSX was weaker in early activity, up 74.38 points at 8:30 a.m. CDT to sit at 14,817.71.
