By Commodity News Service Canada
Winnipeg, May 6 – The Canadian dollar rose against its US counterpart Tuesday morning on data that showed the country’s February goods trade surplus exceeded earlier projections.
The February surplus was keyed in at C$847 million from the previous estimate of a C$290 million goods, said analysts.
The June gold contract fell US$2.50 to US$1,306.80 which was bearish. Crude oil made slight gains which was bullish.
At 8:45 CDT Tuesday, the Canadian dollar was at US$0.9169 or US$=C$1.1091 which compares with Monday’s North American close of US $0.9131, or US$=C$1.0952.
The TSX was down 29.72 points Tuesday morning at 8:45 CDT, to sit at 14,667.31.
