Canadian Dollar Dips as Greek Economy Drama Continues

crisis europe

The possibility Greece could miss a payment to its creditors added pressure to international stock markets and kept U.S. futures from making any major gains.

Both S&P 500 futures rose 0.1 per cent and Dow futures also edged up 0.1 per cent, as Greece’s debt crisis pulled Asian markets lower.

Talks to prevent Greece from missing an IMF payment resumed on Tuesday, but it was still uncertain whether the country could reach an agreement before the June 5 deadline.

In commodities, the July oil contract was ahead 25 cents at US$58.28 in New York.

June gold slid $1.60 to $1,185.30 an ounce.

The Canadian dollar was down 0.08 of a U.S. cent at 80.39 cents.

(Source: The Canadian Press)