By Commodity News Service Canada
Winnipeg, April 25 – The Canadian dollar was virtually unchanged against its US counterpart Friday morning as investors waited to see how geo-political uncertainty in Ukraine will play out.
The loonie is generally thought of as a risk-sensitive currency and will sometimes experience selling pressure at times like this, said an analyst.
A series of better-than-expected earnings reports in both Canada and the US this week has helped to support the loonie.
Oil was slightly down Friday morning which was bearish.
At 8:50 CDT Friday, the Canadian dollar was at US$0.9074 or US$=C$1.1020 which compares with Thursday’s North American close of US $0.9068, or US$=C$1.1028.
The TSX was down 38.03 points Friday morning at 8:50 CDT, to sit at 14,516.22.
