TORONTO – The Canadian dollar was down about one-quarter of a U.S. cent ahead of trading on North American stock markets.
The loonie traded at 78.22 cents US, down 0.27 of a U.S. cent from Monday’s close. The Canadian dollar’s decline comes ahead of a closely watched interest rate decision from the central bank on Wednesday.
MORE: Loonie drops sharply on risk key interest rate will be slashed
The Dow Jones industrial futures were down six points at 17,894.0, the Nasdaq futures were up 2.5 points at 4,490.5, and the S&P 500 futures fell 0.4 point to 2,094.0.
On the commodity markets, the August crude contract was down 0.53 at US$51.67 a barrel and the August gold contract fell $2.40 to US$1,153.00 an ounce.
Toronto’s S&P/TSX composite index closed at 14,533.22 on Monday, up 122.15 points.
— with files from Canadian Press
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