By Commodity News Service Canada
Winnipeg, May 13 – The Canadian dollar rose slightly against its US counterpart Tuesday morning after retail sales data from the United States came in weaker-than-expected.
US retail sales rose 0.1% last month after a 1.5% surge in March.
The June crude oil contract gained 64 cents to US$101.23 a barrel.
The July copper contact was unchanged at US$3.15 while the June gold contract declined $4.30 to US$1,291.50 an ounce which was bearish.
At 8:45 CDT Tuesday, the Canadian dollar was at US$0.9181 or US$=C$1.0892 which compares with Monday’s North American close of US $0.9177, or US$=C$1.0897.
The TSX was up 58.08 points Tuesday morning at 8:45 CDT, to sit at 14,654.94.
