By Commodity News Service Canada
WINNIPEG, January 30 – The Canadian dollar was mostly steady against its US counterpart in early activity on Monday.
Declines in crude oil futures pushed the Canadian dollar lower, but those losses were offset by weakness in the US dollar.
American President Donald Trump has ordered a ban on the entry of people from seven Muslim-majority countries into the US, which caused investor-uncertainty, weighing on the greenback.
At 9:35 CST Monday, the Canadian dollar was at US$0.7612 or US$=C$1.3137, which compares with Friday’s North American close of US$0.7611 or US$1=C$1.3138.
There was no significant economic data released by Statistics Canada on Monday.
The TSX was down 164.5 points at 9:35 CST Monday morning to sit at 15,411.30.
