By Commodity News Service Canada
Winnipeg, May 5 – The Canadian dollar was down slightly against its US counterpart Monday morning on concerns over Chinese manufacturing data and the deteriorating situation in Ukraine.
The HSBC index shows Chinese manufacturing declined in April for the fourth consecutive month.
Investors will be keenly watching tomorrow for the release of Canadian trade data for the month of March.
Gold rose $8.80 to US$1,311.70 an ounce which was supportive. July copper held steady at US$3.06 a pound.
At 8:45 CDT Monday, the Canadian dollar was at US$0.9113 or US$=C$1.1097 which compares with Friday’s North American close of US $0.9107, or US$=C$1.0980.
The TSX was up 101.08 points Monday morning at 8:45 CDT, to sit at 14,765.15.
