By Commodity News Service Canada
WINNIPEG, March 4 The Canadian dollar was up slightly against the US dollar Tuesday morning, as concerns about the political problems in Ukraine and Russia are starting to ease a little bit, analysts said.
At 8:48 CST Tuesday the Canadian dollar was at US$0.9030 or US$=C$1.1074, which compares with Monday’s North American close of US$0.9022 or US$=C$1.1084.
The Canadian currency’s upside was limited by spillover pressure from the losses seen in crude oil and gold prices.
Traders were looking ahead to Wednesday when the Bank of Canada will make its latest interest rate announcement. Employment data for Canada and the US will also be released on Friday.
The TSX was up 45.17 points, or 0.32%, at 8:48 CST Tuesday morning to sit at 14,257.91.
