By Commodity News Service Canada
Winnipeg, April 28 – The Canadian dollar was marginally higher against its US counterpart Monday morning as investors waited to analyze economic data from both sides of the border.
Market holidays and a lack of domestic data have kept the dollar restricted to a narrow trading bracket in recent sessions, said an analyst.
Today, Canada’s Parliamentary budget officer will release his economic and fiscal outlook report for 2014. Tomorrow, Canada’s GDP numbers for February will be released while American first-quarter data come out on Wednesday.
Nickel, wheat, energy and gold were all up due to concerns over the situation in Ukraine which was supportive for the loonie, said an analyst.
At 8:45 CDT Monday, the Canadian dollar was at US$0.9072 or US$=C$1.1023 which compares with Friday’s North American close of US $0.9061, or US$=C$1.1036.
The TSX was down 20.68 points Monday morning at 8:45 CDT, to sit at 14,533.57.
