By Commodity News Service Canada
WINNIPEG, June 26 (CNS Canada) The Canadian dollar was firmer Monday morning, with gains in crude oil behind some of the strength.
At 9:07 CDT Monday morning the Canadian dollar was at US$0.7563 or C$1.3222 which compares with Friday’s North American close of US$0.7537 or C$1.3268.
Oil was due for a bit of a correction to start the week, after recent declines, which propped up the energy-linked Canadian currency.
Broad-based weakness in the US dollar index was also supportive for the loonie.
Janet Yellen, of the US Federal Reserve, will speak in London on Tuesday. The Bank of Canada’s Stephen Poloz speaks in Portugal on Wednesday. Comments from the two central bankers will be followed closely for signs of future rate moves.
The TSX was stronger at 9:07 CDT, up 37.66 points at 15,357.22.
