By Commodity News Service Canada
Winnipeg, April 13 – The Canadian dollar was little changed against its American counterpart Monday morning, as advances in crude oil offset losses in the gold sector.
At 8:45 CDT Monday morning, the loonie was up 0.0005 of a cent to US$0.7953 or US$1 = C$1.2573.
There is a growing consensus among analysts that the Bank of Canada is unlikely to follow up January’s cut to the interest rate with any additional cuts.
A new global survey suggests a growing number of corporate takeovers and mergers will happen around the globe in the coming year.
On the commodity markets the May crude contract in New York rose US$1.18 to US$52.82 a barrel. The April gold contract dipped $1.60 to US$1,203.00 an ounce.
At 8:45 CDT Monday morning, the TSX was up 62.12 points to 15,388.43.
