By Commodity News Service Canada
Winnipeg, April 17 – The Canadian dollar was higher against its American counterpart to start the week as recent strength in oil prices bolstered the commodity-rich currency.
New numbers out of China indicate the country’s economy is doing well, which means demand for commodities from Canada could be on the rise soon.
At 8:55 CDT Monday morning the Canadian dollar was at US$0.7527 or C$1.3286 which compares with Thursday’s North American close of US$0.7503 or C$1.3328.
At 8:48 CDT Monday morning, the TSX was up 44.87 points, or 0.29%, at 15,580.35.
Trading was light as some investors were still away due to the Easter long weekend.
