Canadian Dollar and Business Outlook

By Commodity News Service Canada

WINNIPEG, May 2 (CNS Canada) The Canadian dollar was stronger Monday morning, boosted by gains in crude oil and solid domestic economic data.
At 8:59 CDT Monday morning the Canadian dollar was at US$0.7981 or C$1.2530 which compares with Friday’s North American close of US$0.7969 or C$1.2548.
Canadian manufacturing showed some improvement in April, with RBC’s Purchasing Managers Index (PMI) coming in at 52.2. That compares with 51.5 the previous month, and marks the second straight month above the 50.0 neutral mark.
The TSX was weaker, down 78.98 points at 8:59 CDT to sit at 13,872.47.