Canadian dollar and business outlook

By Commodity News Service Canada

WINNIPEG, September 20 – The Canadian dollar declined against its US counterpart Tuesday morning, following losses in crude oil.

The market was also anticipating an upcoming announcement from Bank of Canada Governor Stephen Poloz expected later on Tuesday.

At 9:00 CDT Tuesday, the Canadian dollar was at US$0.7560 or US$=C$1.3227, which compares with Monday’s North American close of US$0.7572 or US$1=C$1.3207.

In Canadian domestic data, July shipments of crude oil and equivalent products by pipeline were up in Canada, following general increases in June, Statistics Canada said in a report on Tuesday.

The TSX was up 73.70 points at 9:00 CDT Tuesday morning to sit at 14,569.93.