By Commodity News Service Canada
Winnipeg, June 10 – The Canadian dollar was little changed Tuesday morning, as a lack of domestic data kept the loonie within a tight range.
The upward momentum of oil and gold kept the Canadian dollar from moving backward, said an analyst.
On the commodity markets, the July crude oil contract rose 23 cents to US$104.64 a barrel. July copper dropped a cent to US$3.03 a pound, which was bearish. August bullion gained $7.80 cents to US$1,254.60 an ounce, which was bullish.
At 8:40 CDT Tuesday, the Canadian dollar was at US$0.9171 or US$=C$1.0904 which compares with Monday’s North American close of US $0.9168, or US$=C$1.0908.
The TSX was up 32.31 points Tuesday morning at 8:40 CDT, to sit at 14,871.21.
