Canadian Dollar and Business Outlook

By Commodity News Service Canada

WINNIPEG, March 15 (CNS Canada) The Canadian dollar was weaker Tuesday morning, moving back below 75 US cents as losses in crude oil weighed on the energy-linked currency.

At 8:58 CDT Monday morning the Canadian dollar was at US$0.7481 or C$1.3367 which compares with Monday’s North American close of US$0.7537 or C$1.3267.

The Bank of Japan announced that it was keeping its reserves deposit rate at minus 0.1%, and indicated that it was considering other stimulus measures as well.

The US Federal Reserve is set to meet later this week, with most analysts of the opinion that the Fed will leave rates unchanged for the time being.

The TSX was stronger, down 108.16 points at 8:58 CDT to sit at 13,369.38.