By Commodity News Service Canada
Winnipeg, August 7 (CNS Canada) – The Canadian dollar was
relatively unchanged against its U.S. counterpart in thin trading
on Tuesday morning.
The loonie took strength from gains in crude oil, metals and
natural gas.
The decision by the United States to impose sanctions on Iran
threw some caution into the market as traders watched to see what
effects it would have on the energy market.
Gains in equity indices in Asia lent support to values.
At 8:55 CDT Tuesday morning the Canadian dollar was at US$0.7699
or C$1.2989, which compares with Friday’s North American close of
US$0.7702 or C$1.32984. Canadian markets were closed Monday for a
civic holiday.
At 8:55 CDT Tuesday morning, the TSX was up 68.40 points, or
0.42%, at 16,488.64.
