By Commodity News Service Canada
WINNIPEG, April 30 (CNS Canada) The Canadian dollar was slightly firmer Monday morning, seeing a modest recovery from the three-week lows hit on Friday.
At 9:25 CDT Monday morning the Canadian dollar was at US$0.7794 or C$1.2830, which compares with Friday’s North American close of US$0.7778 or C$1.2857.
Currency markets were reacting to a weaker-than-expected German retail sales report on Monday.
Crude oil prices were down to start the day, with an increase in the United States rig count putting some pressure on values.
Canadian gross domestic product data for February will be released on Tuesday.
The TSX was stronger at 9:25 CDT, up 8.08 points at 15,677.01.
