By Commodity News Service Canada
WINNIPEG, May 12 The Canadian dollar was stronger relative to the US dollar Tuesday morning, finding support from the gains seen in crude oil, analysts said.
At 8:58 CDT Tuesday, the Canadian dollar was at US$0.8309 or US$=C$1.2035, which compares with Monday’s North American close of US$0.8258 or US$1=C$1.2110.
Some of the strength was also linked to firmness in gold prices and a generally weaker tone in the US dollar index in early activity.
Though, ongoing worries about slow economic growth in Canada, and the debt crisis in Greece, limited the loonie’s upside.
The Canadian Non-residential Building Construction Price Index rose 0.3 per cent in the first quarter of 2015, according to Statistics Canada.
The TSX was down 77.64 points, or 0.51%, at 8:58 CDT Tuesday morning to sit at 15,075.00.
