By Commodity News Service Canada
WINNIPEG, August 25 – The Canadian dollar strengthened against
its US counterpart Tuesday morning as oil prices moved higher and
global currency markets recovered after a turbulent day on Monday.
At 8:45 a.m. CDT the Canadian dollar was at US$0.7554 or C$1.3238
which compares with Monday’s North American close of US$0.7540, or
C$1.3262.
On Tuesday China’s central bank cut interest rates, which lent
support to other markets after stocks across the world plunged on
Monday.
In Canadian economic data, total operating revenue (excluding
subsidies) for 10 of Canada’s largest urban transit systems rose one
per cent in June, from the same month in 2014 to C$296.1 million.
Over the same period, ridership fell 0.1 per cent to 139.7
million passenger trips.
The TSX was weaker in early activity, down 420.93 points at 8:45
a.m. CDT to sit at 13,052.74.
