By Commodity News Service Canada
WINNIPEG, July 4 (CNS Canada) The Canadian dollar rose slightly against its US counterpart Monday morning, up with crude oil as global markets continue to rebound from Britain’s decision to leave the European Union (Brexit).
Oil prices rose with comments from the Saudi energy minister that the market was heading toward balance, however signs of slowing demand in Asia weighed.
Markets in Europe and the US posted two of their best days last week, following the worst days in the wake of the Brexit vote.
US markets are closed Monday for the US Independence Day holiday.
At 8:45 CDT Monday, the Canadian dollar was at US$0.7778 or US$=C$1.2857, which compares with Thursday’s North American close of US$0.7742 or US$1=C$1.2917.
The TSX was up 197.97 points, or 1.41 per cent, at 8:45 CDT Monday morning to sit at 14,262.51.
