By Commodity News Service Canada
Winnipeg, August 27 (CNS Canada) – The Canadian dollar was
slightly higher compared to its U.S. counterpart Friday morning.
Investor appetite for risky bets rose to start the week
following statements on Friday from the Chairman of the U.S. Federal
Reserve. Jerome Powell said more hikes to interest rates could be
coming if the U.S. economy remains strong.
Gains in crude oil prices were also supportive for the loonie.
At 9:00 CDT Monday morning the Canadian dollar was at US$0.7678
or C$1.3024, which compares with Friday’s North American close of
US$0.7671 or C$1.3036.
At 9:00 CDT Monday morning, the TSX was up 85.24 points, or
0.52%, at 16,441.29.
