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Canadian Dollar And Business Outlook

| 1 min read

By Commodity News Service Canada

Winnipeg, March 31 – The Canadian dollar rose against its American counterpart Thursday morning, taking strength from advances
in gold issues.

As well, the loonie took direction from a report that showed Canada’s real gross domestic product climbed 0.6 percent in the month of January.

At 8:55 a.m. CDT, the loonie was up 0.0105 of a cent to US$0.7760 or US$1 = C$1.2887.

At 8:55 a.m., New York Mercantile crude oil futures (May contract) had declined US$0.32 to sit at US$38.00 a barrel. The June
gold contract advanced $10.80 to US$1,239.40 an ounce.

At 8:55 CDT Thursday morning, the TSX was up 10.26 points to 13,514.24.