By Commodity News Service Canada
WINNIPEG, March 14 (CNS Canada) – The Canadian dollar was slightly weaker Wednesday morning, although still well off its recent lows as the market took a breather after Tuesday’s sharp decline.
At 9:11 CDT Wednesday morning the Canadian dollar was at US$0.7722 or C$1.2950, which compares with Tuesday’s North American close of US$0.7745 or C$1.2912.
Crude oil was slightly firmer in early activity, providing some underlying support for the energy-linked Canadian dollar.
Softer-than-expected U.S. retail sales data for February also lent some relative strength to the Canadian currency.
The TSX was stronger at 9:11 CDT, up 60.03 points at 15,707.17.