By Commodity News Service Canada
WINNIPEG, Jan. 31 (CNS Canada) The Canadian dollar was stronger Tuesday morning, as gains in crude oil and solid domestic gross domestic product data provided support.
At 9:06 CST Tuesday morning the Canadian dollar was at US$0.7692 or C$1.3001 which compares with Monday’s North American close of US$0.7622 or C$1.3120.
Canada’s GDP rose by 0.4 per cent in November, following a 0.2 per cent decline the previous month, reported Statistics Canada.
OPEC oil production has dropped by more than 1 million barrels per day, according to reports, which caused oil prices to rise and provided further support for the energy-linked Canadian dollar.
The TSX was down by 37.89 points at 9:06 CST to sit at 15,367.23.
