Canadian dollar and business outlook

By Commodity News Service Canada

WINNIPEG, Nov. 29 (CNS Canada) The Canadian dollar was weaker Wednesday morning, hitting its lowest level relative to its U.S. counterpart in nearly a month as losses in crude oil weighed on the currency.

At 9:21 CST Wednesday morning the Canadian dollar was at US$0.7771 or C$1.2868 which compares with Tuesday’s North American close of US$0.7808 or C$1.2807.

Better-than-expected U.S. economic data contributed to the relative weakness in the Canadian dollar, as the U.S. dollar index saw broad-based strength.

The TSX was weaker at 9:21 CST, down 25.32 points at 16,004.32.