By Commodity News Service Canada
WINNIPEG, December 16 The Canadian dollar weakened against its US counterpart on Wednesday, ahead of a key announcement from the US Federal Reserve.
At 8:45 a.m. CST the Canadian dollar was at US$0.7258 or C$1.3778 which compares with Tuesday’s North American close of US$0.7279, or C$1.3738.
At 8:45 a.m., New York Mercantile crude oil futures had lost US$0.57 to sit at US$36.78 a barrel.
The Fed is expected to announce an interest rate raise on Wednesday, which could support the US dollar.
There was no significant economic data released by Statistics Canada on Wednesday.
The TSX was stronger in early activity, up 75.97 points at 8:45 a.m. CST to sit at 12,995.54.
