By Commodity News Service Canada
Winnipeg, February 7 – The Canadian dollar was slightly higher
compared to its US counterpart Tuesday morning, tracking losses in
crude oil.
Canada posted its first consecutive monthly trade surplus since
2014, which surprised some analysts who had been expecting a drop.
At 8:59 CST Tuesday morning the Canadian dollar was at US$0.7641
or C$1.3087 which compares with Monday’s North American close of
US$0.7638 or C$1.3092.
At 8:59 CST Tuesday morning, the TSX was up 43.27 points, or
0.28%, at 15,500.21.
The market took strength from gains in railway and financial
stocks.
Gold issues and natural gas prices were also higher, which added
to the upside.
