By Commodity News Service Canada
WINNIPEG, June 24 – The Canadian dollar weakened against its
US counterpart Wednesday morning as crude oil prices dropped. The
US government is expected to release a report on the country’s gas
inventories Thursday.
At 8:45 a.m. CDT the Canadian dollar was at US$0.8089 or C$1.2362
which compares with Tuesday’s North American close of US$0.8108, or
C$1.2333.
The oil supply report is expected to show inventories declining
for the eighth straight week-a sign that the oversupply of oil is
easing.
There was no significant economic data released by Statistics
Canada on Wednesday.
The TSX was stronger in early activity, up 114.43 points at 8:45
a.m. CDT to sit at 14,904.91.
