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Futures and Commodity Market News |
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Sun May 11, 2008 |
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Breaking financial news 24/7 courtesy of TradingCharts.com Inc. / TFC Commodity Charts |
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WINNIPEG, MB, May 05, 2008 (Resource News International via COMTEX) -- The Canadian dollar was slightly stronger Monday morning, finding some support from the firmer tone seen in the crude oil and gold markets. Crude oil and gold were both trading at higher levels Monday morning, which was supportive for the commodity-linked Canadian dollar. Crude oil was trading near US$117 per barrel early in the day, while gold was above US$867 per ounce. While strength in the outside markets was supportive for the currency, activity was seen as light and range-bound with European and Japanese markets closed for holidays. There were no significant Canadian data releases on Monday. In early activity, the Canadian currency was trading at 98.43 US cents (C$1.0159) at 0935 CDT which was up from Friday's North American close of 98.11 US cents (C$1.0193). At 0935 CDT the TSX was up by 43.95 points to sit at 14,324.23. |
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Resource News International Copyright 2008 Resource News International Please read the End User Agreement. News provided by COMTEX |
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