By Commodity News Service Canada
Winnipeg, January 24 (CNS Canada) – The Canadian dollar was
higher against its U.S. counterpart on Wednesday morning, taking
strength from advances in crude oil. The loonie also received a boost
from the signing of the Trans Pacific Partnership.
Gains in gold bullion and natural gas prices also pointed the
way higher for the commodity-backed currency.
Discussions between Canada and the United States over the future
of the North American Free Trade Agreement continue to dominate much
of the market’s focus.
At 9:00 CST Wednesday morning the Canadian dollar was at
US$0.8099 or C$1.2347 which compares with Tuesday’s North American
close of US$0.8030 or C$1.2454.
At 9:00 CST Wednesday morning, the TSX was up 9.57 points, or
0.06%, at 16,357.55.
