By Commodity News Service Canada
WINNIPEG, MB, March 26, 2018 (CNS Canada) The Canadian dollar was slightly firmer Monday morning, seeing a continuation of last week’s strength relative to its United States counterpart.
At 9:08 CDT Monday morning the Canadian dollar was at US$0.7756 or C$1.2893, which compares with Friday’s North American close of US$0.7778 or C$1.2856.
Increasing optimism that a deal may be reached on the North American Free Trade Agreement (NAFTA) accounted for some of the strength in the currency. Gains in the global equity markets were also supportive, as investors turned back to riskier assets.
However, declines in crude oil put some pressure on the energy-linked currency.
The TSX was stronger at 9:08 CDT, up 93.59 points at 15,317.33.
