By MarketsFarm
WINNIPEG, Oct. 5 (MarketsFarm) – The Canadian dollar was firmer Tuesday morning, as continued strength in crude oil underpinned the energy-linked currency.
At 9:30 a.m. CDT Tuesday morning, the Canadian dollar was at US$0.7955 or US$1=C$1.2571 which compares with Monday’s North American close of US$0.7947 or US$1=C$1.2583.
Canada’s international trade surplus widened to C$1.94 billion in August, according to a report from Statistics Canada, with exports up by 0.8 per cent and imports down 1.4 per cent. The trade surplus came in well above pre-report expectations.
Crude oil hit its highest levels in seven years on Tuesday, with West Texas Intermediate up 1.5 per cent at US$79.09 per barrel.
The TSX was stronger, up 102.58 points at 9:30 CDT, trading at 20,154.83 points.
