By Commodity News Service Canada
WINNIPEG, March 4 (MarketsFarm) – The Canadian dollar dropped slightly over the weekend, despite gains in crude oil prices and optimism on the global trade front.
At 8:30 CST Monday morning the Canadian dollar was at US$0.7513 or C$1.3310, which compares with Friday’s North American close of US$0.7541 or C$1.3260.
Crude oil prices rose slightly, due to slowing U.S. production and further OPEC production cuts.
Meanwhile, global stocks rose on Monday, as global traders anticipate a trade agreement between the United States and China in the coming weeks.
The TSX was higher at 8:45 CST, up 69.24 points at 16,068.25.
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