By Commodity News Service Canada
Winnipeg, April 23 (CNS Canada) – The Canadian dollar was lower
against its U.S. counterpart on Monday morning, tracking declines
in crude oil prices and gold bullion.
At 9:05 CDT Monday morning the Canadian dollar was at US$0.7801
or C$1.2819 which compares with Friday’s North American close of
US$0.7857 or C$1.2728.
The price for a barrel of crude oil has risen steadily since
the lows it faced last summer. On June 21 of last year, the cost for
a barrel on the New York Mercantile Exchange was US$42.53.
Wholesale sales dropped 0.8 per cent in February to C$62.8
billion. According to Statistics Canada, it was the biggest decline
since September of 2017. Sales of motor vehicle parts were partly
to blame for the loss, falling 2.1 per cent to C$11.3 billion.
At 9:05 CDT Monday morning, the TSX was up 30.11 points, or
0.19%, at 15,514.43.
