By Commodity News Service Canada
WINNIPEG, March 28 The Canadian dollar strengthened against its US counterpart on Monday, as crude oil prices gained, and tepid US data kept the greenback from advancing against the loonie.
At 8:40 a.m. CDT, the Canadian dollar was at US$0.7582 or C$1.3189 which compares with Friday’s North American close of US$0.7553, or C$1.3240.
At 8:40 a.m. CDT, New York Mercantile crude oil futures had gained US$0.46 to sit at US$39.92 per barrel.
US consumer spending increased 0.1 per cent in February, after a 0.1 per cent decrease in January, according to reports on Monday.
The TSX was weaker in early activity, down 38.03 points at 8:40 a.m. CDT to sit at 13,320.08.
