By MarketsFarm
WINNIPEG, June 30 (MarketsFarm) – The Canadian dollar held steady on Tuesday morning, despite pressure from crude oil values.
At 8:55 CDT Tuesday morning the Canadian dollar was at US$0.7313 or US$1=C$1.3674, which compares with Monday’s North American close of US$0.7309 or US$1=C$1.3682.
Crude oil prices were lower due to pessimism regarding a COVID-19 economic recovery, as cases continue to surge in some areas around the world.
Global stock indices were similarly troubled by notions that businesses may be slow to reopen.
The TSX was down by 48.28 points at 9:05 CDT to trade at 15,341.69 points.
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