By MarketsFarm
WINNIPEG, March 20 (MarketsFarm) – The Canadian dollar was stronger Monday morning, although broad global economic uncertainty kept some caution in the currency markets.
At 8:44 a.m. CDT Monday morning the Canadian dollar was at US$0.7314 or US$1=C$1.3672, which compares with Friday’s close of US$0.7281 or US$1=C$1.3734.
Credit Suisse was bought out by UBS over the weekend in an effort to stem a mounting banking crisis that has already seen to banks in the United States fail.
Shares of both banks were lower on Monday, while crude oil was also softer to start the week.
West Texas Intermediate was down by 0.7 per cent at US$66.27 per barrel.
The TSX was up by 25.66 points at 8:44 CDT, trading at 19,413.38 points.
