By Commodity News Service Canada
Winnipeg, April 21 – The Canadian dollar was basically unchanged against the US dollar Monday morning as a lack of domestic data and quiet overnight trading consolidated the loonie.
The Canadian dollar is expected to stay rangebound in the near term, said an analyst.
A new poll by the Bank of Montreal found 54% of Canadian business owners were unfazed by changes in the dollar, because most already factored that into their overall business plans.
At 8:45 CDT Monday, the Canadian dollar was at US$0.9070 or US$=C$1.1025 which compares with Thursday’s North American close of US $0.9080, or US$=C$1.1013.
The TSX was up 53.87 points Monday morning at 8:45 CDT, to sit at 14,500.39.
