Canadian dollar and business outlook

By Commodity News Service Canada

WINNIPEG, April 25 The Canadian dollar held steady against its US counterpart on Monday, as crude oil prices sat flat in early activity.

At 8:38 a.m. CDT, the Canadian dollar was at US$0.7891 or C$1.2673 which compares with Friday’s North American close of US$0.7892, or C$1.2671.

New York Mercantile crude oil futures had gained US$0.14 to sit at US$43.87 a barrel, as of 8:38 CDT.

There was no significant economic data released by Statistics Canada on Monday.

The TSX was stronger in early activity, up 40.45 points at 8:38 a.m. CDT to sit at 13,833.55.