By MarketsFarm
WINNIPEG, July 23 (MarketsFarm) – The Canadian dollar was weaker early Tuesday, as broad-based strength in the United States dollar index pressured the loonie.
At 8:59 CDT Tuesday morning the Canadian dollar was at US$0.7602 or C$1.3154 which compares with Monday’s North American close of US$0.7632 or C$1.3103.
The U.S. dollar index hit its highest levels in a month on Tuesday as lawmakers in the country reached a bipartisan agreement on the budget.
A steady tone in crude oil provided some underlying support for the energy-linked Canadian currency.
The TSX was stronger Tuesday morning, up 61.92 points at 8:59 CDT to sit at 16,580.80.
