By Commodity News Service Canada
WINNIPEG, March 21 (CNS Canada) The Canadian dollar was stronger Tuesday morning, as better-than-expected domestic retail sales data provided support.
At 9:28 CDT Tuesday morning the Canadian dollar was at US$0.7526 or C$1.3287 which compares with Monday’s North American close of US$0.7486 or C$1.3358.
Canadian retail sales rose by 2.2 per cent in January to hit C$46.0 billion, according to Statistics Canada. The increase was the largest in seven years.
Crude oil was trading near unchanged Tuesday morning, providing little direction for the energy-linked Canadian currency.
The TSX was up by 40.01 points at 9:28 CDT to sit at 15,480.79.
