By MarketsFarm
WINNIPEG, March 18 (MarketsFarm) – The Canadian dollar was steady Monday morning, a day before the federal Liberal government introduces its fourth budget.
At 8:42 CDT Monday morning the Canadian dollar was at US$0.7499 or C$1.3335, which compares with Friday’s North American close of US$0.7495 or C$1.33342.
On Tuesday, Minister of Finance Bill Morneau will deliver the feds’ latest budget, one that may contain a number of pre-election enticements. Currently the Liberals are struggling in the opinion polls as Canadians will head into an election in October.
The TSX/S&P Composite Index opened up 13.82 points Monday morning at 16,154.17 points.
Benchmark crude oil prices were up Monday morning. West Texas Intermediate crude oil is at US$53.63 per barrel after closing Friday at US$58.52 per barrel. Brent crude oil was up 22 cents per barrel this morning to US$67.38 per barrel.
Gold was up US$2.50 Monday morning to US$1,305.40 per ounce.
