By Commodity News Service Canada
WINNIPEG, February 2 – The Canadian dollar was stronger against its US counterpart in early activity on Thursday.
The loonie was propped up by strength in crude oil futures and losses in the greenback.
The American currency declined after the US Federal Reserve announced it would be holding interest rates steady, following its February meeting.
At 8:47 CST Thursday, the Canadian dollar was at US$0.7693 or US$=C$1.2999, which compares with Wednesday’s North American close of US$0.7664 or US$1=C$1.3138.
There was no significant economic data released by Statistics Canada on Thursday.
The TSX was down 9.29 points at 8:47 CST Thursday morning to sit at 15,393.10.
