By MarketsFarm
WINNIPEG, April 24 (MarketsFarm) – The Canadian dollar was slightly softer Monday morning, with positioning in the currency markets ahead of next week’s United States Federal Reserve interest rate decision behind some of the activity.
At 9:13 a.m. CDT Monday morning the Canadian dollar was at US$0.7381 or US$1=C$1.3548, which compares with Friday’s close of US$0.7386 or US$1=C$1.3539.
Canada’s new housing price index was unchanged in March compared to the previous month, after posting a 0.2 per cent decline in February, according to a report from Statistics Canada.
Crude oil was slightly stronger Monday morning, with West Texas Intermediate up by 0.45 per cent at US$78.22 per barrel.
The TSX dipped by 3.97 points at 9:13 CDT, trading at 20,689.18 points.
