By Commodity News Service Canada
Winnipeg, May 29 – The Canadian dollar was unchanged against
its American counterpart on Monday, as gains in crude oil were offset
by losses in gold and natural gas.
The Conference Board of Canada predicts the Greater Toronto Area
will lead the country’s metropolitan areas in GDP growth in 2017 with
a 2.6 per cent increase.
Investors are now waiting for the release of Canada’s
first-quarter gross domestic product numbers. A report is due out
on Wednesday.
At 8:55 CDT Monday morning the Canadian dollar was at US$0.7432
or C$1.3456 which compares with Friday’s North American close of
US$0.7432 or C$1.3456.
At 8:55 CDT Monday morning, the TSX was up 11.04 points, or
0.07%, at 15,427.97.
US markets are closed today for Memorial Day.
Husky Energy has announced it will move ahead with its West White
Rose oil drilling project off the Coast of Newfoundland. The project
is expected to generate 250 jobs and deliver 75,000 barrels of oil
a day by 2025.
