By Commodity News Service Canada
Winnipeg, October 6 – The Canadian dollar was higher Monday morning, on the back of rising commodity prices.
Investors were looking ahead to the release of Statistics Canada’s employment report for September, said analysts. Early estimates suggest the economy churned out 15,000 jobs in that time period.
New data is also expected to be released this week examining Canadian building permits for August and housing starts for September.
On the commodity markets, the November crude oil contract rose $0.23 to US$89.97 a barrel. December copper jumped three cents at US$3.02 a pound. December bullion rose $2.50 to US$1,195.40 an ounce.
At 8:50 CDT Monday, the Canadian dollar was at US$0.8923 or US$=C$1.1207 which compares with Friday’s North American close of US $0.8882, or US$=C$1.1259.
The TSX was up 51.34 points Monday morning at 8:45 CDT, to sit at 14,841.12.
