Canadian dollar and business outlook

By Commodity News Service Canada

WINNIPEG, June 2 – The Canadian dollar gained back some value in
relation to the US dollar Tuesday morning, a boost which was caused
in part by crude oil prices rising.

At 9:00 CDT Tuesday morning the Canadian dollar was at US$0.829, or
C$1.2455.

The Bank of Canada’s official close on Monday left the dollar at or
US$0.7978, or C$1.2535.

Oil prices went up ahead of a meeting of OPEC members which is
scheduled for later this week. The oil exporters are expected to
maintain their production policy.

There was no significant economic data released by Statistics Canada
Tuesday morning.

The TSX was weaker in early activity, down 15.67 points at 9:00 CDT
to sit at 15,068.10.