By Commodity News Service Canada
Winnipeg, April 29 – The Canadian dollar rose against its US
counterpart Tuesday morning after a strong performance from Canadian
equity markets and oil prices.
Several corporate releases and strong oil prices suggest the
Canadian dollar has helped boost profitability, said an analyst.
Canada’s February Weekly Employee Earnings report is due out later
today while Canadian raw material and GDP numbers are expected
tomorrow.
At 8:45 CDT Tuesday, the Canadian dollar was at US$0.9121 or
US$=C$1.1096 which compares with Monday’s North American close of US
$0.9070, or US$=C$1.1025.
The TSX was down 2.66 points Tuesday morning at 8:45 CDT, to sit
at 14,530.91.
