By Commodity News Service Canada
Winnipeg, May 8 – The Canadian dollar was lower against its
American counterpart on Monday, tracking losses in crude oil.
Concerns over the rising production of shale gas projects in
the US undermined prices, according to a report.
At 8:58 CDT Monday morning the Canadian dollar was at US$0.7305
or C$1.3689 which compares with Friday’s North American close of
US$0.7292 or C$1.3712.
At 8:58 CDT Monday morning, the TSX was up 23.20 points, or
0.15%, at 15,605.24.
Gains in gold and other metals lent support to the market in
the early going.
France’s election of Emmanuel Macron as President reassured
nervous investors who feared a different result could have resulted
in the country’s exit from the European Union.
