By Commodity News Service Canada
WINNIPEG, July 27 – The Canadian dollar gained some ground
against its US counterpart Monday morning ahead of a US Federal
Reserve policy meeting later this week.
At 9:15 a.m. CDT the Canadian dollar was at US$0.7682 or C$1.3017
which compares with Friday’s North American close of US$0.7672, or
C$1.3035.
The US Federal Reserve will start a two-day policy meeting on
Tuesday. The bank is expected to introduce an interest rate cut in
September, which could strengthen the greenback.
No significant economic data was released by Statistics Canada
on Monday.
The TSX was weaker in early activity, down 97.21 points at 9:15
a.m. CDT to sit at 14,089.03.
