By Commodity News Service Canada
WINNIPEG, April 3 – The Canadian dollar was lower against its US counterpart in early activity on Monday.
The loonie dropped ahead of the release of the Bank of Canada’s business outlook survey.
Sluggish crude oil futures did little to move the currency, which also tempered strength.
The greenback was stronger in positioning ahead of US President Donald Trump’s meeting with Chinese President Xi Jinping later this week.
At 9:00 CDT Monday, the Canadian dollar was at US$0.7474 or US$=C$1.3380, which compares with Friday’s North American close of US$0.7513 or US$1=C$1.3310.
The TSX was up 44.25 points at 9:00 CDT Monday morning to sit at 15,592.00.
