By Commodity News Service Canada
Winnipeg, March 27 – The Canadian dollar was slightly higher
compared to its US counterpart Monday morning, tracking advances in
gold.
The loonie felt some pressure from signs of increased oil
drilling activity in the US.
As well, US President Donald Trump’s inability to secure a
health-care deal has raised doubts about whether he will be able to
get through the tax cuts he campaigned on.
At 8:48 CDT Monday morning the Canadian dollar was at US$0.7487
or C$1.3339 which compares with Friday’s North American close of
US$0.7474 or C$1.3380.
At 8:48 CDT Monday morning, the TSX was down 74.68 points, or
0.48%, at 15,367.99.
The market was pressured by falling oil prices and slumping bank
stocks.
Canada’s inflation rate cooled slightly in February, falling
to 2.0 percent from a level of 2.1 percent a month earlier.
