Canadian dollar and business outlook

By Commodity News Service Canada

WINNIPEG, March 23 (CNS Canada) The Canadian dollar was weaker Wednesday morning, as declines in crude oil weighed on the currency.

At 8:45 CDT Wednesday morning the Canadian dollar was at US$0.7599 or C$1.3159 which compares with Tuesday’s North American close of US$0.7672 or C$1.3035.

Rising US crude oil stocks were reportedly behind some of the weakness in the energy markets, which spilled into the Canadian dollar.

Ongoing uncertainty in the global financial markets following Tuesday’s terror attacks in Belgium kept some caution in the currency market as well.

The TSX was weaker, down 20.48 points at 8:45 CDT to sit at 13,473.01.