By MarketsFarm
WINNIPEG, April 18 (MarketsFarm) – The Canadian dollar was softer Monday morning, although activity was subdued to start the week.
At 8:45 a.m. CDT Monday morning the Canadian dollar was at US$0.7921 or US$1=C$1.2625, which compares with Thursday’s close of US$0.7936 or US$1=C$1.2601. Canadian markets were closed Friday for Good Friday. European markets and Canadian government offices remain closed today for Easter Monday.
Crude oil was firmer in early trade with protests limiting supplies out of Libya behind some of the strength. However, ongoing lockdowns in China did temper the upside in oil.
West Texas Intermediate was up by 1.2 per cent at US$107.65 per barrel.
The TSX was stronger, up 55.90 points at 8:45 CDT, trading at 21,911.60 points.
