By Commodity News Service Canada
WINNIPEG, Jan. 28 – The Canadian dollar was stronger Thursday morning, with gains in crude oil behind some of the buying interest in the energy-linked currency.
At 9:03 CST Thursday morning the Canadian dollar was at US$0.7129 or C$1.4106 which compares with Wednesday’s North American close of US$0.7091 or C$1.4103.
Crude oil was up by over US$2 per barrel in New York on ideas that major producers may be cutting their output.
In domestic data, Statistics Canada reported that average weekly non-farm earnings in the country held relatively steady in November compared to the previous month, but were up by roughly 1.4 per cent on an annual basis.
The TSX was stronger, up 70.76 points at 9:03 CST to sit at 12,448.53.
