By Commodity News Service Canada
Winnipeg, March 27 (CNS Canada) – The Canadian dollar was higher
against its U.S. counterpart on Tuesday morning, taking strength from
gains in crude oil.
The loonie continued to take strength from recent strong
consumer data. Advances in retail sales and durable goods data from
the United States underpinned the commodity backed currency.
As well, worries over a global trade war have lessened as China
turned to the World Trade Organization in response to recent U.S.
tariffs on items like aluminum and steel.
On the other side, losses in gold and other metals limited the
gains.
At 8:55 CDT Tuesday morning the Canadian dollar was at US$0.7784
or C$1.2684 which compares with Monday’s North American close of
US$0.7760 or C$1.2886.
At 8:55 CDT Tuesday morning, the TSX was up 74.82 points, or
0.49%, at 15,298.56.
