Canadian Dollar and Business Outlook

By Commodity News Service Canada

WINNIPEG, April 18 The Canadian dollar was stronger Monday morning, despite losses in crude oil.

At 8:46 CDT Monday morning the Canadian dollar was at US$0.7761 or C$1.2885 which compares with Friday’s North American close of US$0.7790 or C$1.2837.

Crude oil was down by more than a dollar per barrel, as traders digested news out of Qatar over the weekend that oil producing nations were unable to agree on a production freeze.

In domestic data, foreign investment in Canadian securities rose to C$15.9 billion in February, while Canadians increased their net holdings of foreign securities by C$4.4 billion.

The TSX was weaker, down 85.59 points at 8:46 CDT to sit at 13,551.61.