By Commodity News Service Canada
WINNIPEG, June 25 – The Canadian dollar strengthened against its US counterpart Thursday morning as crude oil prices steadied.
At 8:45 a.m. CDT the Canadian dollar was at US$0.8099 or C$1.2347 which compares with Wednesday’s North American close of US$0.8065, or C$1.2400.
Crude oil prices steadied on Thursday as an increased demand for oil products helped to balance a global over-supply.
The average weekly earnings of Canadian employees—excluding farm payroll employees—was C$955 in April, up 2.5 per cent from last year’s numbers, Statistics Canada said Thursday.
The TSX was stronger in early activity, up 42.60 points at 8:45 a.m. CDT to sit at 14,947.51.
