By Commodity News Service Canada
WINNIPEG, Feb. 2 – The Canadian dollar was stronger Monday morning, as gains in crude oil helped the energy-linked currency show some improvement.
At 9:18 CST Monday morning the Canadian dollar was at US$0.7938 or C$1.2598 which compares with Friday’s North American close of US$0.7867, or C$1.2711.
Softer-than-expected US spending data from the Commerce Department contributed to the relatively firmer tone in the Canadian dollar, according to analysts.
There were no significant domestic economic releases Monday morning, but market participants were awaiting the latest jobs data which is due out on Friday.
The TSX was stronger in early activity, up 106.60 points at 9:18 CST to sit at 14,780.08.
