By Commodity News Service Canada
Winnipeg, July 31 – The Canadian dollar softened against its
US counterpart on Monday morning, pressured by losses in crude oil.
Canada’s industrial product price index fell 1% in June, which
undermined the loonie.
Losses in gold and natural gas were also bearish for the
commodity-backed currency.
At 9:25 CDT Monday morning the Canadian dollar was at US$0.8007
or C$1.2489 which compares with Friday’s North American close of
US$0.8034 or C$1.2447.
At 9:25 CDT Monday morning, the TSX was up 55.34 points, or
0.37%, at 15,183.99.
