By Commodity News Service Canada
Winnipeg, April 14 – The Canadian dollar rose against
the US dollar Monday morning as a pending decision by the Bank of
Canada whether or not to adjust its policy rate provided support to the
currency.
Canada’s central bank is generally expected to keep its policy
rate at 1%, said analysts.
The loonie garnered support from US retails sales which rose 1.1%
in March, ahead of an earlier projection of 0.8%.
At 8:50 CDT Monday, the Canadian dollar was at US$0.9124 or
US$=C$1.0960 which compares with Friday’s North American close of US
$0.9108, or US$=C$1.098.
The TSX was up 10.09 points Monday morning at 8:50 CDT, to sit at
14,267.78.
